Fifth Circuit Sinks Great Lakes Dredge & Dock’s Jones Act Challenge
The U.S. Fifth Circuit Court of Appeals has upheld a ruling against Great Lakes Dredge & Dock Company (GLDD) in its challenge to a U.S. Customs and Border Protection (CBP)...
SINGAPORE, Feb 9 (Reuters) – China’s offshore oil and gas major CNOOC Ltd has delivered Shenhai-1, a 53,000-tonne, 120-meter tall locally built semi-submersible production and storage platform to its deepsea gas project in the South China Sea, a state-owned media has reported.
That marks a key step for CNOOC to start producing from Lingshui 17-2, a large natural gas deposit about 1,500 meters below the sea surface, the state oil major’s first fully-owned deepwater gas project, People’s Daily said in a report late Monday.
Building of the massive facility of Shenhai-1, meaning deepsea, was completed at Chinese shipyard Yantai last month after 21 months of work that saw 4,000 workers working day and night during its peak construction period.
The platform is able to store a maximum 20,000 cubic meters of condensate, a very light oil that typically co-exists in a natural gas reservoir, CNOOC said earlier.
It took 18 days for the giant platform to sail 1,600 nautical miles from Yantai in east China to the site of the gasfield about 150 kilometers (93.21 miles)southeast of Hainan island, towed by three high-horsepower tug vessels.
CNOOC has aimed to start producing gas at Lingshui 17-2 in the second half of 2021, with annual production of 3 billion cubic meters, or about 1.6% of China’s total domestic gas production.
Shenhai-1 can also be used for serving new gasfields like Lingshui 18-1 and Lingshui 25-1, the report added. (Reporting by Chen Aizhu; Editing by Rashmi Aich)
(c) Copyright Thomson Reuters 2021.Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,959 members that receive our newsletter.
Have a news tip? Let us know.
Maritime and offshore news trusted by our 108,959 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up