On January 3, CNOOC Limited announced that Lufeng Oilfields Phase II Development Project has commenced production.

The project is located in the eastern South China Sea, with an average water depth of approximately 136 meters. It consists of Lufeng 8-1 Oilfield, Lufeng 9-2 Oilfield and Lufeng 14-8 Oilfield. One new drilling platform is built, and 14 development wells are planned to be put into production, including 13 production wells and 1 water-injection well. The project is expected to achieve a peak production of approximately 22,600 barrels of crude oil per day in 2025.

CNOOC Limited holds 100% interest in this project and acts as the operator.