CNOOC provides update on offshore assets

Offshore staff

HONG KONG – CNOOC Ltd. has announced that total net production in 1Q 2015 increased 9.4% year-over-year to 118.3 MMboe, primarily due to the production contribution from new projects that came onstream offshore China since 2014.

The company made three new discoveries in the first quarter, as well as successfully appraising three wells overseas and nine offshore.

Off the coast of China, the new discovery Penglai 20-2 is expected to drive the joint development with the adjacent Penglai 20-3 oil field. CNOOC expects that the Bozhong 34-9 oil and gas structure is expected to be developed into a mid-sized oil and gas field.

Additionally, the Jinzhou 9-3 comprehensive adjustment project and the Kenli 10-1 oil field commenced production as scheduled in 2015, while other projects have progressed smoothly.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...