CNOOC Ltd. and 80883 , SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development Project has commenced production. The project is located in the central part of the Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 1 new auxiliary production platform and 1 production wellhead platform. A total of 29 development wells are planned to be [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that Buzios7 Project has commenced production safely. Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with a water depth of 1,900 to 2,200 meters. It is the largest deep-water pre-salt oilfield in the world. Buzios7 is the sixth project commissioned of the oilfield. It will be developed with an FPSO and subsea production system. 15 development [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Bozhong 26-6 Oilfield Development Project has commenced production. The project is located in central Bohai Bay, with an average water depth of approximately 20 meters. The main production facilities include a new central processing platform and an unmanned wellhead platform. A total of 33 development wells are planned to be commissioned, including 22 production [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces its business strategy and development plan for the year 2025. Maintain stable capital expenditure, with net production set to exceed 2 million barrels of oil equivalent per day Annual payout ratio will be no less than 45% over the next three years In 2025, the Company's production will continue to grow and daily net production will exceed 2 million BOE. The net [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Dongfang 29-1 Gas Field Development Project has commenced production. The project is located in the Yinggehai Basin, with an average water depth of approximately 68 meters. The main production facilities include a new unmanned wellhead platform and a submarine pipeline. A total of 6 development wells are planned to be commissioned. The project is expected to achieve [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment Joint Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth of approximately 100 meters. The main production facilities include a new wellhead platform and an unmanned wellhead platform. 15 development wells are planned to be [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Suizhong 36-2 Oilfield 36-2 Block Development Project has commenced production. The project is located in Liaodong Bay of Bohai Sea, with an average water depth of approximately 27 meters. The main production facility is a new unmanned wellhead platform. A total of 21 development wells are planned to be commissioned, including 16 production wells and 5 [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that CNOOC Energy Holdings U.S.A. Inc., a US-based subsidiary of its wholly owned subsidiary CNOOC International Ltd., has entered into the Stock Purchase Agreement with a subsidiary of INEOS Energy for the sale of CNOOC Holdings U.S.A. Inc. The SPA involves the Company's upstream oil and gas business located in the U.S. Gulf of Mexico, mainly consisting of non-operating [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Jinzhou 23-2 Oilfield Development Project has commenced production. The project is located in the northern part of the Bohai Sea, with an average water depth of approximately 13 meters. The main production facilities include 2 new central processing platforms. A total of 67 development wells are planned to be commissioned, including 65 production wells and 2 water [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces that Huizhou 26-6 Oilfield Development Project has commenced production. The project is located in the Pearl River Mouth Basin, with an average water depth of approximately 110 meters. The main production facilities include a new intelligent drilling production platform, as well as the adaptively-modified "NAN HAI FEN JIN" FPSO. A total of 19 development wells are [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that Long Lake Northwest Project in Canada has commenced production safely. The project is located in Alberta, Canada. The main production facilities include a new well pad and 4 pipelines. It will be developed with steam-assisted gravity drainage operation and 8 well pairs are planned to be commissioned. The project is expected to achieve a peak production of approximately [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that Mero3 Project has commenced production safely. Mero field is located in the Santos Basin pre-salt southeastern offshore Brazil, about 180 kilometers away from Rio de Janeiro, in a water depth of between 1,800 and 2,100 meters. Mero3 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. 15 development wells are planned to be [...]
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