CNOOC Ltd. today announced its key operational statistics for the third quarter of 2020. The Company achieved a total net production of 131.2 million barrels of oil equivalent for the third quarter of 2020, representing an increase of 5.1% year-over-year . Production from China increased by 10.4% YoY to 88.6 million BOE, mainly attributable to commencement of new projects such as Luda 21-2/ Luda 16-3 regional development [...]
HONG KONG, Oct. 22, 2020 /CNW/ -- CNOOC Ltd. announced that Bozhong 19-6 condensate gas field pilot area development project has safely commenced production. Bozhong 19-6 condensate gas field pilot area development project is located in the central Bohai with an average water depth of approximately 23 meters. A new wellhead platform has been built and will fully utilize the existing processing facilities of Bozhong 13-1 [...]
CNOOC Ltd. announced today that Jinzhou 25-1 oilfield 6/11 area has commenced production. Jinzhou 25-1 oilfield 6/11 area is located in central Liaodong Bay in Bohai with average water depth of 22.5 meters. In addition to fully utilizing the existing facilities of Jinzhou 25-1 oilfield and Jinzhou 25-1S oilfield, the project has built one eight-legged wellhead platform. A total of 19 production wells and 10 water [...]
CNOOC Ltd. announced today that Liuhua 16-2 oilfield/ 20-2 oilfield joint development project has commenced production. Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in Eastern South China Sea. The average water depth of the joint development project is approximately 410 meters. One 150,000 DWT FPSO and three underwater production systems are newly built. A total of 26 development wells are [...]
HONG KONG, Sept. 15, 2020 /CNW/ -- CNOOC Ltd. announced today that the first offshore wind power project has connected to the grid and begun to generate power. The offshore wind power project is located in the sea area nearby Jiangsu Province. The central location of wind farm is about 39 kilometers away from the coast, with a water depth of 12 meters. With a total installed capacity of 300 MW, the project is planned to [...]
CNOOC Ltd. announced today that Nanbao 35-2 oilfield S1 area has commenced production. Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. In addition to fully utilizing the existing facilities of Nanbao 35-2 oilfield, the major production facility includes 1 unmanned wellhead platform. A total of 3 development wells are planned. The project is expected to reach its peak [...]
CNOOC Ltd. today announced its 2020 interim results for the six months ended June 30, 2020. Facing the unprecedented challenges in the first half of 2020, CNOOC Ltd. held fast to the bottom line of safe and healthy development, made timely adjustment to its business strategies, and took effective measures to minimize the impact imposed by low oil prices and the COVID-19 pandemic. The Company's operation and production [...]
CNOOC Ltd. announced today that Luda 21-2/16-3 regional development regional has commenced production. Luda 21-2/16-3 regional development project is located in Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal. The average water depth of the regional development project is about 25 meters. The project has built 1 central platform, 3 [...]
CNOOC Ltd. announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with an average water depth of about 113 [...]
CNOOC Ltd. announced today that Qinhuangdao 33-1S oilfield phase I project has commenced production. Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 meters. The project has built one wellhead platform in addition to fully utilizing the existing facilities of Qinhuangdao 33-1 oilfield and Qinhuangdao 32-6 oilfield. A total of 13 producing wells are planned, including 9 [...]
HONG KONG, May 21, 2020 /CNW/ -- CNOOC Ltd. announced today that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production. The Penglai 19-3/19-9 oilfields are located in Bohai with an average water depth of approximately 28 meters. A new wellhead platform has been built, with 47 wells planned in total, including 30 production wells, 16 water injection wells and 1 development [...]
CNOOC Ltd. today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent for the first quarter of 2020, representing an increase of 9.5% year-over-year . Production from China increased by 9.7% YoY to 87.1 million BOE, mainly attributable to commencement of new projects and the acquisition of China United Coalbed Methane [...]
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