, delayed by 20 minutes

Offshore

Offshore

We have operations and exploration prospects offshore in the Asia Pacific region and Newfoundland and Labrador.

Liwan Gas Project

Located approximately 300 kilometres southeast of the Hong Kong Special Administrative Region, our Liwan Gas Project was the first deepwater gas project offshore China and delivered first production in 2014.

The Liwan 3-1 and Liuhua 34-2 fields share a subsea production system, subsea pipeline transportation and an onshore gas processing infrastructure. We hold a 49 percent interest in the fields and operate the deepwater infrastructure.

Our project partner CNOOC Ltd. operates the shallow water facilities, including the platform, subsea pipeline to shore and the onshore Gaolan Gas Terminal. The terminal extracts condensates and liquids, and compresses and moves the gas to commercial markets in mainland China.

First production was achieved in November 2020 at Liuhua 29-1, the third deepwater field at Liwan.

Pearl River Mouth Basin

We have a production sharing contract for the 15/33 exploration block in the Pearl River Mouth Basin offshore China.

Commercial development plans are being progressed following the successful drilling and testing of the exploration well.

We continue to advance gas projects in the Madura Strait offshore Indonesia. These include the producing liquids-rich BD Project and the development of the shallow water MDA-MBH and MDK fields.

The BD Project achieved first production in 2017. The MDA-MBH and MDK fields are being developed in tandem, with first gas anticipated in the 2022-2023 timeframe. We hold a 40 percent interest in these fields, which are being developed in partnership with operator CNOOC Ltd. and an affiliate of Samudra Energy Ltd., an Indonesian company.

Additional natural gas discoveries in the Madura Strait are being evaluated for commercial development.

Our focus offshore Newfoundland and Labrador is in the Jeanne d'Arc Basin, home to the White Rose oil field, about 350 kilometres east of St. John’s. On the eastern edge of the White Rose field are the North Amethyst, West White Rose and South White Rose extensions. All producing fields use the SeaRose floating production, storage and offloading (FPSO) vessel.

The West White Rose Project is being developed using a fixed wellhead platform.

In September 2020, a review of the West White Rose Project was announced. This followed the suspension of major construction activities in March due to the COVID-19 pandemic and the decision to reprioritize capital investment following the global economic downturn.

In the Flemish Pass Basin, Cenovus and its partner have made discoveries at Mizzen, Harpoon, Bay du Nord and Baccalieu. We hold a 35 percent working interest in these discoveries.