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CNOOC plans Zhuhai terminal to receive deepwater gas

(Agencies)
Updated: 2009-12-07 15:51

CNOOC Ltd will build a terminal in Zhuhai to receive natural gas from China's first deepwater field in the South China Sea, the Xinhua News Agency reported.

The receiving terminal in southern Guangdong province includes one production area, one living area and two berths with docking capacity of 30,000 metric tons and 5,000 metric tons each, encompassing an area of 1.45 million square meters, the Xinhua News Agency said.

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The site, Liwan 3-1, will have initial production capacity of 8 billion cubic meters per year, or 774 million cubic feet per day, and will be expanded to 20 billion cubic meters per year in a second phase, the report said.

Total investment in the first phase was estimated to exceed 20 billion yuan ($2.93 billion), the report said.

Liwan 3-1 is China's first deepwater gas discovery operated by Husky Energy Inc and set for operation in late 2012.

Husky has estimated Liwan reserves at 4 trillion to 6 trillion cubic feet.
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