CNOOC Ltd. today announced its 2020 interim results for the six months ended June 30, 2020. Facing the unprecedented challenges in the first half of 2020, CNOOC Ltd. held fast to the bottom line of safe and healthy development, made timely adjustment to its business strategies, and took effective measures to minimize the impact imposed by low oil prices and the COVID-19 pandemic. The Company's operation and production [...]
CNOOC Ltd. announced today that Luda 21-2/16-3 regional development regional has commenced production. Luda 21-2/16-3 regional development project is located in Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal. The average water depth of the regional development project is about 25 meters. The project has built 1 central platform, 3 [...]
CNOOC Ltd. announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with an average water depth of about 113 [...]
CNOOC Ltd. announced today that Qinhuangdao 33-1S oilfield phase I project has commenced production. Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 meters. The project has built one wellhead platform in addition to fully utilizing the existing facilities of Qinhuangdao 33-1 oilfield and Qinhuangdao 32-6 oilfield. A total of 13 producing wells are planned, including 9 [...]
HONG KONG, May 21, 2020 /CNW/ -- CNOOC Ltd. announced today that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production. The Penglai 19-3/19-9 oilfields are located in Bohai with an average water depth of approximately 28 meters. A new wellhead platform has been built, with 47 wells planned in total, including 30 production wells, 16 water injection wells and 1 development [...]
CNOOC Ltd. today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent for the first quarter of 2020, representing an increase of 9.5% year-over-year . Production from China increased by 9.7% YoY to 87.1 million BOE, mainly attributable to commencement of new projects and the acquisition of China United Coalbed Methane [...]
HONG KONG, April 22, 2020 /CNW/ -- CNOOC Ltd. announced today it has filed with the United States Securities and Exchange Commission its 2019 annual report on Form 20-F that included audited financial statements for the year ended December 31, 2019. The annual report on Form 20-F is available on the Company's website at www.cnoocltd.com as well as the SEC?s website at www.sec.gov. CNOOC Ltd. will also provide a hard copy [...]
CNOOC Ltd. ?today announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Ltd. has achieved remarkable results, with multiple operating indicators reached a record level since its listing. Total net oil and gas production of the Company amounted to 506.5 million barrels of oil equivalent ,?exceeding 500 million BOE for the first time. Multiple projects safely commenced production ahead of [...]
CNOOC Ltd. today announced appointment of Executive Director and change of President. Mr. Hu Guangjie has been appointed as an Executive Director and the President of the Company. Mr. Xu Keqiang has resigned as the President of the Company, and he remains as an Executive Director and the Chief Executive Officer of the Company. The aforementioned changes take effect from March 20, 2020. The Board would like to take this [...]
CNOOC Ltd. announced today that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil filed in Laibei lower uplift. The Kenli 6-1 structure is located in Laibei lower uplift in southern Bohai basin with an average water depth of about 19.2 meters. The discovery well KL6-1-3 was drilled and completed at a depth of 1,596 meters, and encountered oil pay zones with [...]
CNOOC Ltd. announced today that Bozhong 34-9 Oilfield has commenced production. Bozhong 34-9 oilfield is located in the south of Bohai Sea with average water depth of 18.1 meters. In addition to fully utilizing the existing facilities of Kenli oilfield, the major production facilities include a central platform and a wellhead platform. A total of 57 producing wells are planned, including 38 production wells and 19 water [...]
CNOOC Ltd. today announced its business strategy and development plan for the year 2020. The Company's targeted net production for 2020 is 520 million to 530 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 64% and 36%, respectively. The Company's net production for 2019 is expected to be approximately 503 million BOE. The Company's net production for 2021 and [...]
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