CNOOC Looks To Drill For Oil And Gas Offshore Tanzania

CNOOC Looks To Drill For Oil And Gas Offshore Tanzania Jun 22, 2023 10:47:49 GMT -5

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Post by Blitz on Jun 22, 2023 10:47:49 GMT -5

I'm curious who's deepwater rigs they'll be using.

And now this...

Chinese Giant CNOOC Looks To Drill For Oil And Gas Offshore Tanzania

By Tsvetana Paraskova - Jun 22, 2023, 6:31 AM CDT
oilprice.com/Latest-Energy-News/World-News/Chinese-Giant-CNOOC-Looks-To-Drill-For-Oil-And-Gas-Offshore-Tanzania.html

CNOOC, the giant Chinese state-owned offshore oil and gas company, plans exploration offshore Tanzania under an agreement with the local state firm, Tanzanian Energy Minister January Makamba told Bloomberg on Thursday.

Tanzania, on Africa’s eastern coast, is looking to boost the development of its natural gas resources and has recently agreed on a deal with supermajors to develop a huge LNG export terminal.

CNOOC and Tanzania have “an agreement in the works” to do seismic studies ahead of an offshore licensing round slated to be held in 2024, Tanzania’s energy minister told Bloomberg during a visit to China to discuss projects with CNOOC.

The Chinese company and state-held Tanzania Petroleum Development Corporation will carry out joint work in deepsea blocks owned by TPDC, the minister added.

The blocks are close to the vast natural gas discoveries made by a consortium of Shell, Equinor, and ExxonMobil.

Last month, the three supermajors and Tanzania’s government struck an agreement to develop an LNG export terminal. The initial deal includes the pillars of a host government agreement and a production-sharing agreement.

“It paves the way for the series of milestones that need to follow to realise this fantastic LNG opportunity for the country and the world,” Equinor's Tanzania country manager Unni Fjaer said in a statement carried by Reuters.

Tanzania, as well as other countries in Africa, are looking to take advantage of the LNG demand in Europe, which is buying growing volumes of the super-chilled fuel to replace Russian pipeline supply.

“We believe that Tanzania has more gas, and possibly oil, to be discovered because only 30% of the area with potential for oil and gas resources has been explored so far,” the Tanzanian minister told Bloomberg.

Oil and gas majors are now looking to sign additional deals in the Mediterranean and Africa to supply gas to Europe, which wants to ditch Russian gas by 2027.

CNOOC Looks To Drill For Oil And Gas Offshore Tanzania Jun 22, 2023 10:53:09 GMT -5

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Post by Blitz on Jun 22, 2023 10:53:09 GMT -5

Here's an example of one of CNOOC deep sea floaters. Global Times is the mouth piece for the PRC and Politburo.

SOURCE / ECONOMY

China's Deep Sea No.1 gas field conducts remote operations, able to perform amid typhoon

By Global Times - Published: Apr 10, 2023 12:18 PM
www.globaltimes.cn/Portals/0/attachment/2023/2023-04-10/3278604f-4f98-452e-92a7-4317e3f8b0a0.jpeg

https://www.globaltimes.cn/Portals/0/attachment/2023/2023-04-10/3278604f-4f98-452e-92a7-4317e3f8b0a0.jpeg

DeepSea No.1 Photo: Counrtesy of China National Offshore Oil Corporation

China's Deep Sea No.1 ultra-deepwater gas field near Hainan Province conducted a trial of remote-control operations on Monday, enabling the field to continue safe and stable production during typhoons, its operator China National Offshore Oil Corp (CNOOC) said.

The field has become the world's first 100,000-ton-level deepwater semi-submersible production and storage platform that can work in extreme weather and at a maximum depth of 1,500 meters.

With the remote-control function, the Deep Sea No.1 can increase annual gas production by more than 60 million cubic meters, which can meet the annual gas demand of 470,000 Chinese households, according to a statement sent from the CNOOC to the Global Times on Monday.

The remote operation of the Deep Sea No.1 was the first step for building an intelligent deep-sea gas field system, which will enhance China's comprehensive oil and gas extraction ability and self-reliance in relevant fields, said CNOOC.

The field has conducted multiple explorations of intelligent and digitalized application to deep-sea oil and gas extraction, including sound and light detection equipment and 5G network communications.

The Deep Sea No.1 is located in the sea near South China's Hainan Province, where the platform often faces challenges from extreme weather in nearby deep sea areas.

CNOOC said that the research team assessed a series of indicators recorded during the platform's operation in extreme weather conditions, and made more than 270 improvements to realize remote operation.

In addition, data produced during the operation of the platform including ship management, gas reserve monitoring and deep-sea operation visualization, will be shared with domestic and overseas research institutes and universities, in order to enhance China's advantage in deep-sea oil and gas extraction, read the statement.

The Deep Sea No.1 gas field went into operation in June 2021, with an annual production capacity of natural gas of 3 billion cubic meters. It has produced 4.5 billion cubic meters of gas so far.

The independently developed gas field has solved a number of production and operation problems of ultra-deep water gas fields, and it has created a successful development model of rapid and stable production of natural gas in ultra-deep water gas fields.

Global Times