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Home » Uncategorized » ConocoPhillips, CNOOC start work on Penglai floater
Offshore Wind

ConocoPhillips, CNOOC start work on Penglai floater

reNEWS EditorialBy reNEWS EditorialNovember 7, 20222 Mins Read
ConocoPhillips

ConocoPhillips China and CNOOC have started work on the Penglai Offshore Windfarm Pilot Project.

As a joint low carbon energy development effort, the project will harness wind energy to supply power to the Penglai Oilfield in Bohai Bay, Northeast China.

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Featuring four wind turbines with a total installed capacity of 34 MW, the windfarm ties back to the existing central processing platform via subsea cables, distributing energy to the field’s power grid system. #At full capacity, the windfarm will have the potential to cover over 30% of the power needed for the Penglai Oilfield’s operations and achieve tens of thousands of tonnes of annual CO2 reductions.

In addition to offshore wind power, the two companies are closely evaluating opportunities in power from shore, as well as carbon capture and storage (CCS) and carbon capture, utilisation, and storage (CCUS).

If proven to be technically and economically viable, these low carbon energy solutions will help transform Penglai towards a net-zero offshore oilfield, in line with China’s energy, sustainable development and carbon neutrality goals.

“This pilot project represents a first-of-its-kind integration of offshore wind power being harnessed solely for offshore oil and gas facilities in China,” said COPC President Bill Arnold.

“We believe it will become a benchmark for future low carbon emission offshore oilfield developments.”

CNOOC Executive Vice-president Yang Yun added: “CNOOC Limited and ConocoPhillips have maintained a successful partnership over the past 40 years in upstream oil and gas. Building upon a shared commitment to sustainability, we are excited to embrace this new chapter in our relationship and expand our scope of collaboration to encompass low carbon energy development.”

China CNOOC ConocoPhillips China COPC Offshore Wind oilfield Renewable energy news Wind energy wind farm wind power
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