CNOOC Ltd. today announced that Mero 1 project has commenced production safely. Mero field locates in the Santos Basin pre-salt in the sea area of southeastern Brazil, with an average water depth of 1,930 meters, more than 150 kilometres from Rio de Janeiro. Mero 1 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. It has 6 producing wells and 7 injectors currently, and [...]
CNOOC Ltd. announced its results for the first quarter of 2022. For the first quarter of 2022, the Company seized the opportunity of oil price recovery to continue to increase its reserves and production, and actively promoted the green energy transition. Measures to reduce costs and expand margin were maintained, and satisfactory operating results were achieved. For the first quarter, the total net production was 151.0 [...]
CNOOC Ltd. announced changes to its board of directors and senior management team. Mr. Xu Keqiang has resigned as the Chief Executive Officer of the Company and has been re-designated from Executive Director of the Company to Non-executive Director. Mr. Zhou Xinhuai has been appointed as an Executive Director and the Chief Executive Officer. Mr. Yan Hongtao has been appointed as a Vice President. The aforementioned [...]
HONG KONG, April 22, 2022 /PRNewswire/ -- CNOOC Ltd. announced today that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production. Luda 5-2 oilfield north phase I project is located in Liaodong Bay of Bohai Sea, with average water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Suizhong 36-1 oilfield, the project [...]
CNOOC Ltd. today announced that the Company was officially listed on the A-share market, which marked the Company's success in building a platform for domestic and international capital management. It will open a new chapter for the Company to set sail on a promising voyage towards high-quality development in the A-share market in the future. CNOOC Ltd. raised approximately RMB 28.08 billion from the A-share issuance at [...]
CNOOC Ltd. announced today that Weizhou 12-8E oilfield development project has commenced production. The Weizhou 12-8E oilfield development project is located in Beibu Gulf in the South China Sea, with average water depth of about 30 meters. In addition to fully utilizing the existing processing facilities of Weixinan oilfields, a total of 7 development wells are planned, including 6 oil production wells and 1 production [...]
HONG KONG, March 30, 2022 /PRNewswire/ -- CNOOC Ltd. today announced its 2021 annual results for the year ended December 31, 2021. In 2021, CNOOC Ltd. adhered to the business strategy of seeking progress while keeping performance stable and embedded the normalized epidemic prevention and control measures into daily operation. The Company seized the favourable opportunity of the rebound of international oil prices to [...]
HONG KONG, Feb. 13, 2022 /CNW/ -- CNOOC Ltd. announced today that Liza Phase II had commenced production safely and ahead of schedule. Liza Phase II locates in the Stabroek Block offshore Guyana and produces with 1 FPSO and 30 subsea wellheads. The FPSO is the second production facility in the Block following the one serving Liza Phase I. It was constructed in China and Singapore, and arrived in Guyana in October 2021. It [...]
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 [...]
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