CNOOC Ltd.

CNOOC Ltd. today announced that Luda 29-1 oilfield has commenced production. Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Luda 21-2/Luda 16-3 oilfield, the project has also built a new wellhead platform, with 7 development wells planned in total, including 4 production wells, 2 water injection wells and [...]

CNOOC Ltd. today announced that Weizhou 11-2 oilfield phase II project has commenced production. The Weizhou 11-2 oilfield phase II project is located in Beibu Gulf in the South China Sea with water depth of about 40 meters. In addition to fully utilizing the existing processing facilities of Weizhou 11-2 oilfield, the project has built one simple unmanned wellhead platform. A total of 13 development wells are planned [...]

CNOOC Ltd. today announced that the China's first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field has commenced production. The Lingshui 17-2 gas field is located in the northern sea of Qiongdongnan Basin, with water depth of approximately 1,560 meters. It was the first large-sized deepwater discovery, with proven geological resources of natural gas exceeding 100 billion cubic meters, made by [...]

CNOOC Ltd. today announced that Liuhua 29-2 gas field has commenced production. The Liuhua 29-2 gas field is located in the eastern South China Sea, 300 kilometers southeast of Hong Kong, with water depth of about 750 meters. A new subsea wellhead has been built, with 1 development well planned, which will fully utilize the existing production facilities of Liwan 3-1 gas field and other deepwater gas fields. It is [...]

CNOOC Ltd. today announced its key operational statistics for the first quarter of 2021. The Company achieved a total net production of 137.7 million barrels of oil equivalent for the first quarter of 2021, representing an increase of 4.7% year-over-year . Among which, it was mainly attributable to production growth from the commencement of new projects, such as Liuhua16-2/20-2 and Lvda16-3/21-2, net production from China [...]

CNOOC Ltd. today announced its 2020 annual results for the year ended December 31, 2020. In 2020, CNOOC Ltd. strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices and the impact of COVID-19 epidemic, and built up a strict defence line for pandemic prevention and control with concerted efforts. The safe production situation remained stable. The annual [...]

CNOOC Ltd. today announced that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. In addition to fully utilizing the existing processing facilities of Nanpu 35-2 oilfield and Qinhuangdao 32-6 oilfield, the project has built a new central platform. A total of 42 development wells are planned, including 30 production [...]

CNOOC Ltd. announced today that the Company made a large-sized oil and gas discovery Bozhong 13-2 in Bohai Bay. The Bozhong 13-2 structure is located in the south-western Ring of Bozhong Sag in the Bohai Bay with an average water depth of about 23.2 meters. The discovery well BZ13-2-2 was drilled and completed at a depth of 5,223 meters, and encountered oil pay zones with a total thickness of approximately 346 meters. The [...]

HONG KONG, Feb. 4, 2021 /CNW/ -- CNOOC Ltd. today announced its business strategy and development plan for the year 2021. In the extremely challenging year of 2020, under the leadership of the Board of Directors, the Company's management, together with all staff, overcame the huge impact from low oil price and the pandemic of COVID-19. During the period, while strictly implementing pandemic prevention and control [...]

CNOOC Ltd. today announced that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In addition to fully utilizing the existing processing facilities of Penglai oilfields, the project has built a new wellhead platform, with 58 development wells planned in total [...]