Home Optimal energy ConocoPhillips China and CNOOC Limited announce wind farm project

ConocoPhillips China and CNOOC Limited announce wind farm project

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The signing ceremony of the Penglai offshore wind farm pilot project takes place during the fifth China International Import Expo in Shanghai on Nov. 6, 2022. [Photo/chinadaily.com.cn]

ConocoPhillips China Inc and CNOOC Limited on Sunday announced the launch of the Penglai offshore wind farm pilot project at the fifth China International Import Expo held in Shanghai.

As part of a joint low-carbon energy development effort, the project will harness wind power to supply electricity to the Penglai oilfield, China’s largest offshore oil and gas production base in the under a production sharing contract, located in Bohai Bay, in northeast China.

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

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

The recently launched wind farm project offers an optimal solution to meet the electricity demand of the Penglai oilfield, which is expected to increase year on year as development continues, the company said.

Featuring four wind turbines with a total installed capacity of 34MW, the wind farm will have the potential to cover more than 30% of the power required for Penglai oilfield operations at full capacity and reach tens of thousands of tons of annual carbon dioxide reductions, it said.

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

If proven technically and economically viable, these low-carbon energy solutions will help turn Penglai into a net-zero offshore oilfield, in line with China’s energy, sustainable development and carbon neutrality goals. said ConocoPhillips China Inc.