HONG KONG, March 20, 2018 /CNW/ -- CNOOC Ltd. announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou 12-1 oilfield, the project has also built one wellhead platform. Currently, there are seven wells in [...]
HONG KONG, Feb. 12, 2018 /CNW/ -- CNOOC Ltd. is pleased to announce that the Company will become a component of the Hang Seng China Enterprises Index , effective from 5 March 2018. The move comes after Hang Seng Indexes Company Limited recently announced the results of its quarterly review of the Hang Seng Family of Indexes ended 29 December 2017. CNOOC has been selected to join the HSCEI as constituent. The inclusion is [...]
HONG KONG, Feb. 5, 2018 /CNW/ -- CNOOC Ltd. announced today that the Stampede Field, located in the deepwater Gulf of Mexico, has commenced production. The Stampede Field is located in the Gulf of Mexico, approximately 185 kilometers south of Fourchon, Louisiana, U.S.A. It is positioned in approximately 1,066 meters of water, with a reservoir depth of 9,100 meters. The facility is designed for a gross topsides processing [...]
HONG KONG, Feb. 1, 2018 /CNW/ -- CNOOC Ltd. today announced its business strategy and development plan for the year 2018. The Company's net production target for 2018 is 470 million to 480 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 64% and 36%, respectively. The Company's net production for 2017 is expected to be approximately 469 million BOE. The Company's [...]
HONG KONG, Dec. 7, 2017 /CNW/ -- CNOOC Ltd. announced that the Company has recently made a mid-sized natural gas field discovery Bozhong 19-6 in Bohai. Bozhong 19-6 trap is located in the southwest sag of Bozhong south central Bohai, with an average water depth of about 22 meters. The discovery well Bozhong 19-6-1 is drilled and completed at a depth of 4,181 meters and encountered oil pay zones with a total thickness of [...]
HONG KONG, Nov. 28, 2017 /CNW/ -- CNOOC Ltd. announced today the Weizhou 12-2 oil field phase II project has already commenced production. The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7 meters. In addition to fully utilizing the existing facilities of Weizhou 12-2 oil field, the project has also built one wellhead platform [...]
HONG KONG, Nov. 27, 2017 /CNW/ -- CNOOC Ltd. announced today Libra block in Brazil has already started production. The Libra block is located approximately 180 kilometers off the Rio de Janeiro coast. The block had its first oil produced with the Pioneiro de Libra FPSO, destined to extended well tests, with the purpose of evaluating the dynamic behavior of the oil reservoir and deepening the knowledge on the [...]
HONG KONG, Oct. 25, 2017 /CNW/ -- CNOOC Ltd. (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the third quarter of 2017. For the third quarter of the year, the Company achieved a total net production of 116.2 million barrels of oil equivalent ("BOE"), representing a decrease of 1.3% year over year ("YoY"). Production from offshore China decreased 2.4% YoY to 73.8 million [...]
HONG KONG, Sept. 5, 2017 /CNW/ -- CNOOC Ltd. (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation Co., Ltd. (SK) for Block 17/08 in the South China Sea. Block 17/08 is located in the Pearl River Mouth Basin. The block covers a total area of 466 square kilometers with a [...]
HONG KONG, Aug. 24, 2017 /CNW/ -- CNOOC Ltd. (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2017 interim results for the six months ended June 30, 2017. The Company has fully met 1H targets with outstanding production performance. Regarding exploration, 14 new discoveries and 14 successful appraisal wells were achieved, among which, 13 new discoveries and 12 successful appraisal wells were made in [...]
HONG KONG, Aug. 8, 2017 /CNW/ -- CNOOC Ltd. (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the Hangingstone project in Canada has already commenced production. The Hangingstone project, located in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 32 well pairs, water treatment and bitumen flowlines. The project is expected to reach its peak production rate of approximately [...]
HONG KONG, July 31, 2017 /CNW/ -- CNOOC Ltd. (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the BD gas field in Indonesia has already commenced production. Logo: http://photos.prnasia.com/prnh/20150819/8521505396LOGO The BD gas field is located in Madura Strait at a water depth of approximately 55 meters. Main production facilities included one unmanned wellhead platform, one FPSO and four production [...]
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