CNOOC Ltd. and 80883 , SSE: 600938) announces that Buzios6 Project has commenced production safely. Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil. It is the largest deep-water pre-salt oilfield in the world. Buzios6 is the seventh project commissioned of the oilfield. It will be developed with an FPSO and subsea production system. 13 development wells are planned to be commissioned [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that the Company has made a major oilfield discovery of Qinhuangdao 29-6 in the shallow Neogene formations of the Bohai Sea, which adds over a hundred million tons of oil equivalent in-place. Qinhuangdao 29-6 Oilfield is located in central Bohai Sea. The main oil-bearing play is Neogene Minghuazhen Formation, characterized by shallow burial depth. The oil property is [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Xijiang Oilfields 24 Block Development Project has commenced production. The project is located in the shallow water of the Pearl River Mouth Basin. The development of the project mainly leverages the adjacent existing facilities of the Huixi Oilfields, with addition of a new unmanned wellhead platform. 10 development wells are planned to be commissioned. The [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project has commenced production. The project is located in the Beibu Gulf Basin of the South China Sea, with an average water depth of approximately 43 meters. The project leverages the adjacent existing facilities for development. The main production facilities include a newly-built unmanned [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announced its operating results for the third quarter of 2025. In the first three quarters of 2025, CNOOC Limited continued to increase its reserves and production, achieving steady production growth from both domestic and overseas oilfields. The Company remained cost competitive, and demonstrated profitability resilience. In the nine months, CNOOC Limited achieved a net [...]
HONG KONG, Sept. 3, 2025 /PRNewswire/ -- CNOOC Ltd. and 80883 , SSE: 600938) today announces that Wenchang 16-2 Oilfield Development Project has commenced production. The project is located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 meters. The development of the project mainly leverages the adjacent existing facilities of the Wenchang Oilfields, with addition of a new jacket [...]
HONG KONG, Aug. 27, 2025 /PRNewswire/ -- CNOOC Ltd. and 80883 , SSE: 600938) announced today its 2025 interim results. Net production increased by 6.1% year-on-year while natural gas up 12.0% Remained cost competitive and net profit attributable to equity shareholders reaching RMB 69.5billion Actively sharing development results, HK$0.73 per share of interim dividend declared In the first half of 2025, with the concerted [...]
HONG KONG, Aug. 25, 2025 /PRNewswire/ -- CNOOC Ltd. and 80883 , SSE: 600938) announces its wholly owned subsidiaries have entered into two Production Sharing Contracts for exploration blocks in Indonesia with SKK Migas, the subsidiaries of other Tangguh partners, EnQuest and Agra. The contracts were signed for Gaea and Gaea II exploration blocks, which are mainly located both onshore and offshore in southern Papua Barat [...]
HONG KONG, Aug. 8, 2025 /PRNewswire/ -- CNOOC Ltd. and 80883 , SSE: 600938) announces that Yellowtail Project has commenced production safely ahead of schedule. The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1,600-2,000 meters. The main production facilities include 1 floating production, storage and offloading and 1 subsea production system, with 26 production wells and 25 [...]
HONG KONG, July 29, 2025 /PRNewswire/ -- CNOOC Ltd. and 80883 , SSE: 600938) announces today that Dongfang 1-1 Gas Field 13-3 Block Development Project has commenced production. The project is the first high-temperature, high-pressure, low-permeability natural gas project offshore China. It is located in the Yinggehai Basin, with an average water depth of approximately 67 meters. The main production facility is a new [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that it has achieved a major breakthrough in the exploration of metamorphic buried hills in the deep plays in the South China Sea for the first time. The Weizhou 10-5 South Oil and Gas Field is located in the Beibu Gulf of the South China Sea, with an average water depth of 37 meters. Exploration well WZ10-5S-2d encountered an oil and gas pay zone of 211 meters [...]
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