CNOOC Ltd. and 80883 , SSE: 600938) announces its wholly owned subsidiary, CNOOC Africa Holding Ltd., has entered into the Exploration, Development & Production Contract with Midland Oil Company for Block 7 in the Republic of Iraq. The contract was signed for Block 7, which is mainly located in Province Diwaniyah, with an area of 6,300 square kilometers. According to the terms of the contract, the first stage of the [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces its operating results for the third quarter of 2024. In the first three quarters of 2024, CNOOC Limited continued to increase its reserves and production, while effectively controlling costs and enhancing efficiency. Net production and net profit rose remarkably year over year , both hitting record highs for the same period in history. In the nine months, the Company [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project commenced production ahead of schedule. The project is located in eastern South China Sea, with an average water depth of about 98 meters. The main production facilities include a new drilling production platform, with 23 development wells planned to be commissioned. The project is expected to achieve a [...]
CNOOC Ltd. and 80883 , SSE: 600938) wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, has entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum and the partners in the Pelotas Basin. The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Bozhong 19-2 Oilfield Development Project has commenced production. The project is located in central Bohai Bay, with an average water depth of about 20 meters. The main production facilities include a new central processing platform and 4 new unmanned wellhead platforms. A total of 59 development wells are planned to be commissioned, including 34 production wells [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 meters. The main production facilities include a new fixed production platform and 3 centralized subsea wellheads, with 12 development wells planned to be [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Liuhua 11-1/4-1 Oilfield Secondary Development Project has commenced production. The project is located in eastern South China Sea and consists of 2 oilfields, Liuhua 11-1 and Liuhua 4-1, with an average water depth of approximately 305 meters. The main production facilities include a new deepwater jacket platform "Haiji-2" and a cylindrical FPSO "Haikui-1". A [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that thanks to its mature typhoon response measures, the Typhoon "Bebinca" did not have an impact on the Company. Recently, Typhoon "Bebinca" crossed the East China Sea, becoming the strongest typhoon to make landfall in Shanghai since 1949. Adhering to its core values of health, safety and environmental protection , namley "Safety First, Environmental Paramount [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that thanks to the Company's continuous focus on safety and environmental protection performance, as well as its mature typhoon response measures, the super typhoon "Yagi" did not cause any casualty or oil spill. Typhoon "Yagi" affected the eastern and western areas of the South China Sea. Prior to the typhoon's arrival, the Company had activated its typhoon emergency [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin. The well was tested to produce 430,000 cubic meters per day of absolute open flow natural gas, marking the first major exploration breakthrough in ultra-deepwater carbonate rocks offshore China. The well is located in Baiyun Sag, the largest hydrocarbon-rich [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Wushi 17-2 Oilfields Development Project has commenced production. The project is located in Beibu Gulf, with an average water depth of approximately 28 meters. The main production facilities include a new wellhead platform and an oil and gas processing terminal. A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 [...]
CNOOC Ltd. and 80883 , SSE: 600938) announced today its 2024 interim results. Making solid progress in reserves and production growth, net production increases by 9.3% year-on-year Sustaining effective control over all-in cost, net profit attributable to equity shareholders reaches RMB79.7billion Actively returning to shareholders, HK$0.74 per share of interim dividend declared In the first half of the year, CNOOC Limited[...]
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