CNOOC Ltd. announces today that it has completed the acquisition of another 5% participation interest in the Production Sharing Contract of the Transfer of Rights Surplus Volume related to Búzios oilfield. Búzios oilfield is located in Santos Basin, southeast offshore of Brazil, with an average water depth of approximately 2,200 meters. It is the world's largest deep-water pre-salt producing oil field. The project is [...]
CNOOC Ltd. announced today that Jinzhou 31-1 gas field development project commenced production. Jinzhou 31-1 gas field locates in Liaodong Bay of Bohai Sea, with an average water depth of about 30 meters. The main production facilities include 1 subsea production system, 1 submarine transportation pipeline, and 1 umbilical cable. It will fully utilize the existing processing facilities of Jinzhou 25-1 south platform and [...]
CNOOC Ltd. announced today that the MDA Gas Field, the largest gas field of 3M Project in Indonesia, has commenced production. 3M Project is located approximately 75 kilometers southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 meters. The project contains 3 gas fields with a total of 9 gas-producing wells. The main production facility is a floating production unit which [...]
CNOOC Ltd. today announced its operating results for the third quarter of 2022. In the third quarter, the Company has achieved remarkable results by seizing the favorable oil price cycle, to step up the efforts in exploration and development, to increase reserves and production, and to improve quality and efficiency. The Company has managed to keep its cost at a competitive level and witnessed significant improvement in [...]
CNOOC Ltd. announced today that the proved gas in-place of Baodao 21-1 Gas Field has successfully passed the Chinese governmental review and filing. Baodao 21-1 gas field is located in Baodao Sag, Qiongdongnan Basin, Western South China Sea. The water depth ranges from 660 to 1,570 meters. The main gas-bearing layer is the Paleogene Lingshui formation and the discovery is condensate gas reservoirs. The discovery well [...]
CNOOC Ltd. announced today that Kenli 6-1 Oilfield 10-1 North Block Development Project commenced production. The development project locates in the south of Bohai Sea, with average water depth of about 19 meters. The main production facilities include 1 production adjective platform and 2 unmanned wellhead platforms. 25 development wells are planned to be put into production, including 16 production wells and 9 water [...]
CNOOC Ltd. announced today that Dongfang 1-1 Gas Field Southeast Zone and Ledong 22-1 Gas Field South Block Development Project commenced production ahead of schedule. The development projects locate in Yinggehai, Western South China Sea, with an average water depth of 90 meters. Utilizing the existing processing facilities of Dongfang 1-1 platform and Ledong 22-1 platform, the projects plan to commission 4 development [...]
CNOOC Ltd. today announced its 2022 interim results for the six months ended June 30, 2022. During the period, the Company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the "three major programs", namely, Reserves & Production Augmentation, Independent Technological Innovation and Green Energy Transition. It implemented the campaign of Quality and Efficiency Dual [...]
CNOOC Ltd. today announced that Mero 1 project has commenced production safely. Mero field locates in the Santos Basin pre-salt in the sea area of southeastern Brazil, with an average water depth of 1,930 meters, more than 150 kilometres from Rio de Janeiro. Mero 1 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. It has 6 producing wells and 7 injectors currently, and [...]
CNOOC Ltd. announced its results for the first quarter of 2022. For the first quarter of 2022, the Company seized the opportunity of oil price recovery to continue to increase its reserves and production, and actively promoted the green energy transition. Measures to reduce costs and expand margin were maintained, and satisfactory operating results were achieved. For the first quarter, the total net production was 151.0 [...]
CNOOC Ltd. announced changes to its board of directors and senior management team. Mr. Xu Keqiang has resigned as the Chief Executive Officer of the Company and has been re-designated from Executive Director of the Company to Non-executive Director. Mr. Zhou Xinhuai has been appointed as an Executive Director and the Chief Executive Officer. Mr. Yan Hongtao has been appointed as a Vice President. The aforementioned [...]
HONG KONG, April 22, 2022 /PRNewswire/ -- CNOOC Ltd. announced today that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production. Luda 5-2 oilfield north phase I project is located in Liaodong Bay of Bohai Sea, with average water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Suizhong 36-1 oilfield, the project [...]
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