The 500 million yuan ($75 million) contract is meant to provide a fund for COOEC to start initial steel procurement as well as upgrading facilities needed to build the platform.
CNOOC operates Liwan’s shallow-water segment, while production sharing contract partner Husky Energy operates the field’s deep-water development.
Factoring in the development of subsequent finds near Liwan such as Liuhua 34-2, CNOOC has enlarged the size of central processing platform to up to 70,000 tonnes, including a 30,000-tonne jacket.
COOEC
