CNOOC Ltd. today announced its 2020 annual results for the year ended December 31, 2020. In 2020, CNOOC Ltd. strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices and the impact of COVID-19 epidemic, and built up a strict defence line for pandemic prevention and control with concerted efforts. The safe production situation remained stable. The annual [...]
CNOOC Ltd. today announced that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. In addition to fully utilizing the existing processing facilities of Nanpu 35-2 oilfield and Qinhuangdao 32-6 oilfield, the project has built a new central platform. A total of 42 development wells are planned, including 30 production [...]
CNOOC Ltd. announced today that the Company made a large-sized oil and gas discovery Bozhong 13-2 in Bohai Bay. The Bozhong 13-2 structure is located in the south-western Ring of Bozhong Sag in the Bohai Bay with an average water depth of about 23.2 meters. The discovery well BZ13-2-2 was drilled and completed at a depth of 5,223 meters, and encountered oil pay zones with a total thickness of approximately 346 meters. The [...]
HONG KONG, Feb. 4, 2021 /CNW/ -- CNOOC Ltd. today announced its business strategy and development plan for the year 2021. In the extremely challenging year of 2020, under the leadership of the Board of Directors, the Company's management, together with all staff, overcame the huge impact from low oil price and the pandemic of COVID-19. During the period, while strictly implementing pandemic prevention and control [...]
CNOOC Ltd. today announced that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In addition to fully utilizing the existing processing facilities of Penglai oilfields, the project has built a new wellhead platform, with 58 development wells planned in total [...]
CNOOC Ltd. today announced that Liuhua 29-1 gas field has commenced production. The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field, with water depth of about 640 to 785 meters. A new subsea wellhead has been built, with 7 development wells planned in total. The gas field will fully utilize the existing production facilities of Liuhua 34-2 gas field and Liwan [...]
CNOOC Ltd. today announced its key operational statistics for the third quarter of 2020. The Company achieved a total net production of 131.2 million barrels of oil equivalent for the third quarter of 2020, representing an increase of 5.1% year-over-year . Production from China increased by 10.4% YoY to 88.6 million BOE, mainly attributable to commencement of new projects such as Luda 21-2/ Luda 16-3 regional development [...]
HONG KONG, Oct. 22, 2020 /CNW/ -- CNOOC Ltd. announced that Bozhong 19-6 condensate gas field pilot area development project has safely commenced production. Bozhong 19-6 condensate gas field pilot area development project is located in the central Bohai with an average water depth of approximately 23 meters. A new wellhead platform has been built and will fully utilize the existing processing facilities of Bozhong 13-1 [...]
CNOOC Ltd. announced today that Jinzhou 25-1 oilfield 6/11 area has commenced production. Jinzhou 25-1 oilfield 6/11 area is located in central Liaodong Bay in Bohai with average water depth of 22.5 meters. In addition to fully utilizing the existing facilities of Jinzhou 25-1 oilfield and Jinzhou 25-1S oilfield, the project has built one eight-legged wellhead platform. A total of 19 production wells and 10 water [...]
CNOOC Ltd. announced today that Liuhua 16-2 oilfield/ 20-2 oilfield joint development project has commenced production. Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in Eastern South China Sea. The average water depth of the joint development project is approximately 410 meters. One 150,000 DWT FPSO and three underwater production systems are newly built. A total of 26 development wells are [...]
HONG KONG, Sept. 15, 2020 /CNW/ -- CNOOC Ltd. announced today that the first offshore wind power project has connected to the grid and begun to generate power. The offshore wind power project is located in the sea area nearby Jiangsu Province. The central location of wind farm is about 39 kilometers away from the coast, with a water depth of 12 meters. With a total installed capacity of 300 MW, the project is planned to [...]
CNOOC Ltd. announced today that Nanbao 35-2 oilfield S1 area has commenced production. Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. In addition to fully utilizing the existing facilities of Nanbao 35-2 oilfield, the major production facility includes 1 unmanned wellhead platform. A total of 3 development wells are planned. The project is expected to reach its peak [...]
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