CNOOC Ltd. and 80883 , SSE: 600938) announces today that Bozhong 19-2 Oilfield Development Project has commenced production. The project is located in central Bohai Bay, with an average water depth of about 20 meters. The main production facilities include a new central processing platform and 4 new unmanned wellhead platforms. A total of 59 development wells are planned to be commissioned, including 34 production wells [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 meters. The main production facilities include a new fixed production platform and 3 centralized subsea wellheads, with 12 development wells planned to be [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Liuhua 11-1/4-1 Oilfield Secondary Development Project has commenced production. The project is located in eastern South China Sea and consists of 2 oilfields, Liuhua 11-1 and Liuhua 4-1, with an average water depth of approximately 305 meters. The main production facilities include a new deepwater jacket platform "Haiji-2" and a cylindrical FPSO "Haikui-1". A [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that thanks to its mature typhoon response measures, the Typhoon "Bebinca" did not have an impact on the Company. Recently, Typhoon "Bebinca" crossed the East China Sea, becoming the strongest typhoon to make landfall in Shanghai since 1949. Adhering to its core values of health, safety and environmental protection , namley "Safety First, Environmental Paramount [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that thanks to the Company's continuous focus on safety and environmental protection performance, as well as its mature typhoon response measures, the super typhoon "Yagi" did not cause any casualty or oil spill. Typhoon "Yagi" affected the eastern and western areas of the South China Sea. Prior to the typhoon's arrival, the Company had activated its typhoon emergency [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin. The well was tested to produce 430,000 cubic meters per day of absolute open flow natural gas, marking the first major exploration breakthrough in ultra-deepwater carbonate rocks offshore China. The well is located in Baiyun Sag, the largest hydrocarbon-rich [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Wushi 17-2 Oilfields Development Project has commenced production. The project is located in Beibu Gulf, with an average water depth of approximately 28 meters. The main production facilities include a new wellhead platform and an oil and gas processing terminal. A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 [...]
CNOOC Ltd. and 80883 , SSE: 600938) announced today its 2024 interim results. Making solid progress in reserves and production growth, net production increases by 9.3% year-on-year Sustaining effective control over all-in cost, net profit attributable to equity shareholders reaches RMB79.7billion Actively returning to shareholders, HK$0.74 per share of interim dividend declared In the first half of the year, CNOOC Limited[...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that Chinese governmental authorities have approved the proved gas in-place of Lingshui 36-1 gas field, which stands at over 100 billion cubic meters. It is the first large-size ultra-shallow gas field in ultra-deep water in the world, which opens up a new area of exploration in deep waters. Lingshui 36-1 gas field is located in the southern portion of the Central Sag [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a high yield well in Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent. Wushi 16-5 structure is located in Wushi Sag, Beibu Gulf, with an average water depth of approximately 25 meters. The appraisal well WS16-5-4 was drilled and completed at a depth of 4,185 meters, encountering a total of 65 meters oil pay zones. The well [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located in eastern Bohai Bay, with an average water depth of about 26 meters. The discovery well LK7-1-1 was drilled and completed at a depth of approximately 4,400 meters, which encountered a total of 76 meters oil and gas pay zones. The well was [...]
CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Bozhong 19-6 Condensate Gas Field D1 Well, the first ultra-deep well in Bohai Bay, achieved high yield. Bozhong 19-6 Condensate Gas Field is located in central Bohai Bay, with an average water depth of about 20 meters. It contains proven oil and gas in place of more than 200 billion cubic meters of natural gas and more than 200 million cubic meters of oil. It is [...]
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