CNOOC Ltd.

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 [...]

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 [...]