HONG KONG, June 7, 2019 /CNW/ -- CNOOC Ltd. announced today that the Company and CEPR Limited, a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement with Joint Stock Company Novatek and Ekropromstroy Limited Liability Company, a wholly-owned subsidiary of JSC Novatek, pursuant to which, CEPR shall acquire 10% equity interest in Arctic LNG 2 LLC held by Ekropromstroy . Pursuant to the Share [...]
CNOOC Ltd. announced today that the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. Appomattox Field is located approximately 128 kilometers southeast of Louisiana in the deep-water Gulf of Mexico, with water depth of approximately 2,255 meters. Appomattox is the first commercial discovery now brought into production in the deep-water Gulf of Mexico Norphlet formation and has [...]
CNOOC Ltd. announced today that the Company has signed a Heads of Agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project. The Arctic LNG 2 Project is located on the Gydan Peninsula, Russia and the second large onshore conventional natural gas project led by JSC Novatek, which contains the development and production of Utrenneye gas field and the construction and [...]
CNOOC Ltd. today announced its key operational statistics for the first quarter of 2019. The Company achieved a total net production of 120.1 million barrels of oil equivalent for the first quarter of 2019, remaining stable compared to the same period last year. Production from offshore China increased 2.3% year over year to 79.3 million BOE, mainly attributable to commencement of production of new projects. Overseas [...]
CNOOC Ltd. announced today that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Ltd. for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block . Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block are located in the Fushan sag and Leidong sag of Beibu Gulf Basin in South China Sea respectively. Beibu Gulf 23/29 Block covers a total area of 980 square kilometers with a water depth of [...]
CNOOC Ltd. announced today it has filed with the United States Securities and Exchange Commission its 2018 annual report on Form 20-F that included audited financial statements for the year ended December 31, 2018. The annual report on Form 20-F is available on the Company's website at www.cnoocltd.com as well as SEC?s website at www.sec.gov. CNOOC Ltd. will also provide a hard copy of its 2018 annual report on Form 20-F [...]
CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed a production sharing contract with Smart Oil Investment Ltd. for Bohai 09/17 Block . Bohai 09/17 Block is located in the Qikou sag, Bohai Bay Basin in China. It covers a total area of 509.3 square kilometers with a water depth of 5-10 meters. According to the terms of the PSC, Smart Oil shall act as the Operator during [...]
CNOOC Ltd. today announced its 2018 annual results for the year ended December 31, 2018. In 2018, CNOOC Ltd. expanded its oil and gas reserves and production at a steady pace, strengthened its cost control and achieved remarkable results. Total net oil and gas production of the Company achieved 475 million barrels of oil equivalent , successfully meeting the annual target set at the year beginning. During the year, the [...]
CNOOC Ltd. announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was drilled to a total depth of 5,056 meters and encountered net gas and condensate pay zones with a total thickness of 37.6 meters. Mr. Xie Yuhong, Executive Vice President of the Company [...]
CNOOC Ltd. today announced its business strategy and development plan for the year 2019. The Company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 63% and 37%, respectively. The Company's net production for 2018 is expected to be approximately 475 million BOE. The Company's net production for 2020 and 2021 [...]
CNOOC Ltd. announced today that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 kilometers from Hong Kong, with a water depth of approximately 115 meters. In addition to [...]
CNOOC Ltd. announced today Egina Field, located in deepwater offshore Nigeria, has commenced production. The Egina Field is located in around 1600 meters of water depths, 150 Kilometers off the coast of Nigeria. The field development consists of a Floating Production Storage and Offloading unit and a Subsea Production System. The project is expected to reach its peak production of approximately 200,000 barrels of crude [...]
