CNOOC Ltd. (ADR)

CNOOC Ltd. and 80883 , SSE: 600938) announces today that Enping 21-4 Oilfield Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth of approximately 89 meters. It will be developed by leveraging the existing production facilities and is expected to achieve a peak production of approximately 5,300 barrels of oil equivalent per day in 2025. The oil [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that it has achieved a major exploration breakthrough in ultra-shallow gas play in ultra-deep water South China Sea. Lingshui 36-1 gas field is located in western South China Sea, with an average water depth of approximately 1,500 meters. The main gas-bearing play is the Ledong Formation of Quaternary, with an average burial depth of 210 meters. The field has been tested [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces its wholly owned subsidiaries have entered into petroleum exploration and production concession contracts with the Ministry of Mineral Resources and Energy of Mozambique and Empresa Nacional de Hidrocarbonetos for 5 offshore blocks in Mozambique. The contracts were signed for a total of 5 blocks, S6-A, S6-B, A6-D, A6-E and A6-G, all located offshore Mozambique. The total area [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production. The project is located in central Bohai Sea, with an average water depth of approximately 23 meters. The main production facilities include a wellhead platform, with 10 development wells planned to be commissioned. The project is expected to achieve a peak production of [...]

CNOOC Ltd. and 80883 , SSE: 600938) today announced its operating results for the first quarter of 2024. In the first quarter, the Company pressed ahead with oil and gas exploration and development, advanced the enhancement of quality and efficiency, and consolidated its advantage of cost competitiveness. Net production of oil and gas and net profit attributable to equity shareholders achieved strong growth, both hitting [...]

CNOOC Ltd. and 80883 , SSE: 600938) released its 2023 Environmental, Social and Governance Report in Hong Kong today. Strengthening ESG management to lay a solid foundation for high-quality development Adhering to innovation-driven strategies to enhance the quality and efficiency of energy supply Upholding green principles to develop low-carbon and clean energy sectors Fulfilling social responsibilities to empower [...]

- CNOOC Ltd. Announced Its 2023 Annual Results CNOOC Ltd. and 80883 , SSE: 600938) announced today its 2023 annual results for the year ended December 31, 2023. Accelerating reserves and production growth, new records are set Improving quality and efficiency, effective cost control and strong profit continues In 2023, despite the slowdown in global economic growth and the decline in international crude oil prices, [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that the Company has made a major oilfield discovery of Kaiping South in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters. The main oil-bearing plays are Zhuhai [...]

CNOOC Ltd. and 80883 , SSE: 600938) announces today that Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project has commenced production. The project is located in Liaodong Bay of Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 2 new central processing platforms and 2 new wellhead platforms. 118 development wells are planned, including 81 [...]

CNOOC Ltd. and 80883 , SSE: 600938) today announces its business strategy and development plan for the year 2024. Continue to increase reserves and production, significantly gear up annual production targets Focus on investment efficiency, and maintain a reasonable capex structure Steadily promote the integrated development of new energy and oil and gas business As global oil and gas demands steadily grow, the Company [...]