CNOOC Ltd. Announces its 2022 Business Strategy and Development Plan HONG KONG, Jan. 11, 2022 /CNW/ -- CNOOC Ltd. today announces a summary of its business strategy and development plan for the year 2022. The Company's targeted net production for 2022 is 600 million to 610 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 69% and 31%, respectively. The Company's [...]
CNOOC Ltd. Announces its 2022 Business Strategy and Development Plan HONG KONG, Jan. 11, 2022 /PRNewswire/ -- CNOOC Ltd. today announces a summary of its business strategy and development plan for the year 2022. The Company's targeted net production for 2022 is 600 million to 610 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 69% and 31%, respectively. The [...]
CNOOC Ltd. announced today that Caofeidian 11-6 oilfield expansion project and Kenli 16-1 oilfield have commenced production. Caofeidian 11-6 oilfield expansion project is located in the west of Bohai Sea, with average water depth of about 23 meters. In addition to fully utilizing the existing processing facilities of Caofeidian 11-6 oilfield, the project has built a new unmanned wellhead platform. A total of 9 [...]
CNOOC Ltd. announces that it has applied for a voluntary delisting of its American Depositary Receipts from the Toronto Stock Exchange in Canada. Subject to such application being accepted by the TSX, it is expected that the ADRs will be delisted from the TSX effective as of the close of trading on December 31, 2021. The Company has decided to pursue the voluntary delisting of the ADRs from the TSX following the delisting [...]
CNOOC Ltd. today announced that the Company intends to deregister with the United States Securities and Exchange Commission and terminate reporting obligations under the U.S. Securities Exchange Act of 1934, as amended . The New York Stock Exchange LLC filed Form 25 with the SEC on October 12, 2021 , and the delisting of the Company's American depository shares became effective following the close of the market in New [...]
HONG KONG, Nov. 29, 2021 /CNW/ -- CNOOC Ltd. announced today that the Buzzard Phase II development, offshore UK North Sea has safely commenced production. Buzzard Phase II is located approximately 100 kilometers northeast of Aberdeen, United Kingdom with average water depth of approximately 96 meters. While fully utilizing the existing Buzzard facility, the project has also built a set of underwater production systems. 2 [...]
HONG KONG, Nov. 23, 2021 /CNW/ -- CNOOC Ltd. today announced the commencement of production of Lufeng oil fields regional development project. The Lufeng oil fields is located in Eastern South China Sea and mainly include Lufeng 14-4 oil field, Lufeng 14-8 oil field, Lufeng 15-1 oil field and Lufeng 22-1 oil field, with an average water depth of about 140-330 meters. The main production facilities include 2 drilling [...]
HONG KONG, Oct. 28, 2021 /CNW/ -- CNOOC Ltd. today announced its key operational statistics for the third quarter of 2021. The Company achieved a total net production of 144.1 million barrels of oil equivalent for the third quarter of 2021, representing an increase of 9.9% year-over-year . Production from China increased by 13.0% YoY to 100.1 million BOE, mainly attributable to production growth from the commencement of [...]
HONG KONG, Sept. 30, 2021 /CNW/ -- CNOOC Ltd. announced today that the Company made a large-sized discovery of Kenli 10-2 in Bohai. The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15.7 meters. The main oil-bearing formation of Kenli 10-2 oilfield is in the lower member of Neogene Minghuazhen Formation and the oil properties are conventional heavy oil. The [...]
CNOOC Ltd. today announced that Bozhong 19-4 oilfield comprehensive adjustment project has commenced production. Bozhong 19-4 oilfield comprehensive adjustment project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities of Bozhong 25-1 oilfield, the project has built a new eight-legged central equipment platform. A total of 25 [...]
HONG KONG, Sept. 22, 2021 /CNW/ -- CNOOC Ltd. announced today that Qinhuangdao/ Caofeidian onshore power project has commenced operation successfully. This onshore power project is located in the mid-western Bohai Bay, containing two parts, firstly the Qinhuangdao 32-6 and Caofeidian 11-1 oilfields onshore power project, and secondly the Qinhuangdao 32-6 facility capacity expansion project. The Qinhuangdao 32-6 oilfields [...]
HONG KONG, Aug. 26, 2021 /CNW/ -- CNOOC Ltd. today announced that Bozhong 26-3 oilfield expansion project has commenced production. Bozhong 26-3 oilfield expansion project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities, the project has built a new unmanned wellhead platform and a power platform. A total of 8 development [...]
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