CNOOC Ltd. (ADR)

CNOOC Ltd. announced today it has filed with the United States Securities and Exchange Commission its 2018 annual report on Form 20-F that included audited financial statements for the year ended December 31, 2018. The annual report on Form 20-F is available on the Company's website at www.cnoocltd.com as well as SEC?s website at www.sec.gov. CNOOC Ltd. will also provide a hard copy of its 2018 annual report on Form 20-F [...]

CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed a production sharing contract with Smart Oil Investment Ltd. for Bohai 09/17 Block . Bohai 09/17 Block is located in the Qikou sag, Bohai Bay Basin in China. It covers a total area of 509.3 square kilometers with a water depth of 5-10 meters. According to the terms of the PSC, Smart Oil shall act as the Operator during [...]

CNOOC Ltd.  today announced its 2018 annual results for the year ended December 31, 2018. In 2018, CNOOC Ltd. expanded its oil and gas reserves and production at a steady pace, strengthened its cost control and achieved remarkable results. Total net oil and gas production of the Company achieved 475 million barrels of oil equivalent , successfully meeting the annual target set at the year beginning. During the year, the [...]

CNOOC Ltd. announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was drilled to a total depth of 5,056 meters and encountered net gas and condensate pay zones with a total thickness of 37.6 meters. Mr. Xie Yuhong, Executive Vice President of the Company [...]

CNOOC Ltd. today announced its business strategy and development plan for the year 2019. The Company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 63% and 37%, respectively. The Company's net production for 2018 is expected to be approximately 475 million BOE. The Company's net production for 2020 and 2021 [...]

CNOOC Ltd.  announced today that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 kilometers from Hong Kong, with a water depth of approximately 115 meters. In addition to [...]

CNOOC Ltd. announced today Egina Field, located in deepwater offshore Nigeria, has commenced production. The Egina Field is located in around 1600 meters of water depths, 150 Kilometers off the coast of Nigeria. The field development consists of a Floating Production Storage and Offloading unit and a Subsea Production System. The project is expected to reach its peak production of approximately 200,000 barrels of crude [...]

CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL . According to the agreements, the Strategic Cooperation Areas are located in the Pearl River Mouth Basin offshore China, including Area A and Area B [...]

 CNOOC Ltd. today announced its key operational statistics for the third quarter of 2018. The Company achieved a total net production of 113.8 million barrels of oil equivalent for the third quarter of 2018, representing a decrease of 2.1% year over year . Production from offshore China reached 73.7 million BOE, almost flat from the same period last year. Overseas production decreased 5.4% YoY to 40.1 million BOE, mainly [...]

CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed a production sharing contract with Empyrean Energy PLC for Block 29/11 in the South China Sea. Block 29/11 is located in Pearl River Mouth Basin of the South China Sea. The Block covers a total area of 1808 square kilometers with a water depth of 300-600 meters. According to the terms of the PSC, Empyrean shall act as [...]