CNOOC Ltd. today announced appointment of Executive Director and change of President. Mr. Hu Guangjie has been appointed as an Executive Director and the President of the Company. Mr. Xu Keqiang has resigned as the President of the Company, and he remains as an Executive Director and the Chief Executive Officer of the Company. The aforementioned changes take effect from March 20, 2020. The Board would like to take this [...]
CNOOC Ltd. announced today that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil filed in Laibei lower uplift. The Kenli 6-1 structure is located in Laibei lower uplift in southern Bohai basin with an average water depth of about 19.2 meters. The discovery well KL6-1-3 was drilled and completed at a depth of 1,596 meters, and encountered oil pay zones with [...]
CNOOC Ltd. announced today that Bozhong 34-9 Oilfield has commenced production. Bozhong 34-9 oilfield is located in the south of Bohai Sea with average water depth of 18.1 meters. In addition to fully utilizing the existing facilities of Kenli oilfield, the major production facilities include a central platform and a wellhead platform. A total of 57 producing wells are planned, including 38 production wells and 19 water [...]
CNOOC Ltd. today announced its business strategy and development plan for the year 2020. The Company's targeted net production for 2020 is 520 million to 530 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 64% and 36%, respectively. The Company's net production for 2019 is expected to be approximately 503 million BOE. The Company's net production for 2021 and [...]
HONG KONG, Dec. 20, 2019 /CNW/ -- CNOOC Ltd. announced today that Liza field offshore Guyana has safely commenced production ahead of schedule. Liza Phase 1 development project is located in the Stabroek block offshore Guyana and has one FPSO and 17 subsea wells. It is expected to reach its peak production of approximately 120,000 barrels of crude oil per day in the coming months. "We are very pleased with the [...]
CNOOC Ltd. announced today that Caofeidian 11-1/11-6 oilfield comprehensive adjustment project has commenced production. Caofeidian 11-1/11-6 oilfield comprehensive adjustment project is located in Bohai with average water depth of 20 to 25 meters. The project has built two central processing platforms in addition to fully utilizing the existing facilities in Caofeidian oilfield, which including six wellhead platforms [...]
CNOOC Ltd. today announced Mr. Xu Keqiang, an existing Executive Director and President of the Company, has been appointed as the Chief Executive Officer of the Company with effect from 19 November 2019. The Board would like to take this opportunity to offer Mr. Xu its sincere congratulations on his appointment as the Chief Executive Officer of the Company. Xu Keqiang Born in 1971, Mr. Xu is a professor-level senior [...]
CNOOC Ltd. today announced Mr. Wang Dongjin, an existing Non-executive Director of the Company, has been appointed as Chairman and Chairman of the Nomination Committee of the Company with effect from 18 November 2019. Mr. Wang no longer serves as Vice Chairman of the Board with effect from 18 November 2019. The Board would like to take this opportunity to offer Mr. Wang its sincere congratulations on his appointment as [...]
CNOOC Ltd. today announced its key operational statistics for the third quarter of 2019. The Company achieved a total net production of 124.8 million barrels of oil equivalent for the third quarter of 2019, representing an increase of 9.7% year over year . Production from offshore China increased 8.9% YoY to 80.2 million BOE, mainly attributable to production growth from the commencement of new projects. Overseas [...]
HONG KONG, Sept. 25, 2019 /CNW/ -- CNOOC Ltd. announced on September 25, 2019 the pricing of an offering of US$1,500,000,000 aggregate principal amount of guaranteed notes. The offering consists of US$1,000,000,000 of 2.875% guaranteed notes due 2029 and US$500,000,000 of 3.300% guaranteed notes due 2049 . The 2029 Notes and 2049 Notes will be issued by CNOOC Finance Limited, a direct wholly-owned subsidiary of the [...]
CNOOC Ltd. today announced its 2019 interim results for the six months ended June 30, 2019. CNOOC Ltd. devoted efforts in exploration and development activities during the first half of 2019 through a pragmatic and enterprising approach, and successfully increased oil and gas reserves and production levels. The Company's amount of exploration and development activities reached a record high with improving key financial [...]
HONG KONG, July 10, 2019 /CNW/ -- CNOOC Ltd. announced today that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu Basin. The Cooperation Framework Agreement will be implemented in three years through joint study, joint exploration and facility sharing in [...]
