CNOOC Ltd.

CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a high yield well in Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent. Wushi 16-5 structure is located in Wushi Sag, Beibu Gulf, with an average water depth of approximately 25 meters. The appraisal well WS16-5-4 was drilled and completed at a depth of 4,185 meters, encountering a total of 65 meters oil pay zones. The well [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located in eastern Bohai Bay, with an average water depth of about 26 meters. The discovery well LK7-1-1 was drilled and completed at a depth of approximately 4,400 meters, which encountered a total of 76 meters oil and gas pay zones. The well was [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Bozhong 19-6 Condensate Gas Field D1 Well, the first ultra-deep well in Bohai Bay, achieved high yield. Bozhong 19-6 Condensate Gas Field is located in central Bohai Bay, with an average water depth of about 20 meters. It contains proven oil and gas in place of more than 200 billion cubic meters of natural gas and more than 200 million cubic meters of oil. It is [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that the first green design oilfield in offshore China - Wushi 23-5 Oilfields Development Project has commenced production. The project is located in the Beibu Gulf of the South China Sea, with an average water depth of approximately 28 meters. The main production facilities include 2 new wellhead platforms, and the renovated Wushi terminal. 43 development wells are [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that Enping 21-4 Oilfield Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth of approximately 89 meters. It will be developed by leveraging the existing production facilities and is expected to achieve a peak production of approximately 5,300 barrels of oil equivalent per day in 2025. The oil [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a major exploration breakthrough in ultra-shallow gas play in ultra-deep water South China Sea. Lingshui 36-1 gas field is located in western South China Sea, with an average water depth of approximately 1,500 meters. The main gas-bearing play is the Ledong Formation of Quaternary, with an average burial depth of 210 meters. The field has been tested [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces its wholly owned subsidiaries have entered into petroleum exploration and production concession contracts with the Ministry of Mineral Resources and Energy of Mozambique and Empresa Nacional de Hidrocarbonetos for 5 offshore blocks in Mozambique. The contracts were signed for a total of 5 blocks, S6-A, S6-B, A6-D, A6-E and A6-G, all located offshore Mozambique. The total area [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production. The project is located in central Bohai Sea, with an average water depth of approximately 23 meters. The main production facilities include a wellhead platform, with 10 development wells planned to be commissioned. The project is expected to achieve a peak production of [...]

CNOOC Ltd. and 80883 , SSE: 600938) today announced its operating results for the first quarter of 2024. In the first quarter, the Company pressed ahead with oil and gas exploration and development, advanced the enhancement of quality and efficiency, and consolidated its advantage of cost competitiveness. Net production of oil and gas and net profit attributable to equity shareholders achieved strong growth, both hitting [...]

CNOOC Ltd. and 80883 , SSE: 600938) released its 2023 Environmental, Social and Governance Report in Hong Kong today. Strengthening ESG management to lay a solid foundation for high-quality development Adhering to innovation-driven strategies to enhance the quality and efficiency of energy supply Upholding green principles to develop low-carbon and clean energy sectors Fulfilling social responsibilities to empower [...]