CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Company has made a major oilfield discovery of Kaiping South in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters. The main oil-bearing plays are Zhuhai [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project has commenced production. The project is located in Liaodong Bay of Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 2 new central processing platforms and 2 new wellhead platforms. 118 development wells are planned, including 81 [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announces its business strategy and development plan for the year 2024. Continue to increase reserves and production, significantly gear up annual production targets Focus on investment efficiency, and maintain a reasonable capex structure Steadily promote the integrated development of new energy and oil and gas business As global oil and gas demands steadily grow, the Company [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Lufeng Oilfields Phase II Development Project has commenced production. The project is located in the eastern South China Sea, with an average water depth of approximately 136 meters. It consists of Lufeng 8-1 Oilfield, Lufeng 9-2 Oilfield and Lufeng 14-8 Oilfield. One new drilling platform is built, and 14 development wells are planned to be put into production [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that Mero2 Project has commenced production safely. Mero, Brazil's third largest oilfield, is located in the Santos Basin pre-salt southeastern offshore Brazil. The development plan includes 4 production units, namely, Mero1, Mero2, Mero3 and Mero4. Mero2 Project is the second project commissioned in the field following Mero1 Project. The project is located in a water depth of [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that Payara Project has commenced production safely. Payara Project locates in the Stabroek Block offshore Guyana and produces with 1 FPSO and 41 subsea wellheads. The FPSO is the third production facility in the Block following the two serving Liza Phase I and Liza Phase II. It was constructed in China and Singapore, and arrived in Guyana in April 2023. It is moored in water [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Bozhong 19-6 Condensate Gas Field Phase I Development Project has commenced production. The project is located in central Bohai Sea, with an average water depth of approximately 20 meters. The main production facilities include 1 newly built central processing platform, 3 unmanned wellhead platforms and 1 gas process terminal. 65 development wells are planned to be [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Penglai 19-3 Oilfield Area 5/10 Development Project has commenced production. The project is located in south-central Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 2 wellhead platforms. 130 development wells are planned to be commissioned, including 87 production wells and 43 water-injection wells. It is [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Enping 18-6 Oilfield Development Project has commenced production. The project is located in the Pearl River Mouth Basin of the South China Sea, with an average water depth of approximately 99 meters. The main production facilities include one wellhead platform, with 15 development wells planned to be put into production. It is expected to achieve a peak production [...]
CNOOC Ltd. and 80883 , SSE: 600938) today announced its operating results for the third quarter of 2023. In the first three quarters of the year, the Company continued to step up its efforts in exploration and development, thereby obtaining steady growth in net production and further consolidating its cost competitiveness. In the nine months, the Company completed a net production of 499.7 million barrels of oil [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has discovered the Shenfu deep coalbed methane field in China, adding proved gas in-place of over 100 billion cubic meters. The Shenfu deep CBM field is located in Yulin, Shaanxi Province at the eastern edge of Ordos Basin. With continued research and exploration, the Company has advanced its understanding of deep coalbed methane formation mechanism, reservoir [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces that the first LNG cargo from the newly-built liquefaction train of the Tangguh LNG project in Indonesia has been delivered, marking the safe commencement of the Train 3 of Tangguh LNG project. Tangguh LNG project is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs. The existing two-train facility has commenced production in 2009 [...]
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