News Releases

CNOOC Limited Subsidiary Signs EPC on the Zhylyoi Subsoil Area Published： 2025-06-24 On June 24, CNOOC Limited announced its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with Ministry...

CNOOC Limited Brings On-stream Weizhou 5-3 Oilfield Development Project Published： 2025-06-09 On June 9, CNOOC Limited announced that Weizhou 5-3 Oilfield Development Project has commenced production. The project is located in the Beibu Gulf Basin of the South China Sea, with an average water depth of approximately 35 meters. The main production facility includes 1 self-installing wellhead platform, which leverages the adjacent existing facilities for development.

CNOOC Limited Announces Mero4 Project Commences Production Published： 2025-05-27 On May 26, CNOOC Limited announced that Mero4 Project has commenced production safely on May 24 Brasilia time. Mero field is located in the Santos Basin pre-salt southeastern offshore Brazil, about 180 kilometers away from Rio de Janeiro, in a water depth of between 1,800 and 2,100 meters.

CNOOC Limited Achieves Steady Production Growth and Stable Profit in Q1 2025 Published： 2025-05-07 On April 29, CNOOC Limited announced its operating results for the first quarter of 2025. In the first quarter, net production grew steadily, while its cost advantage continued to consolidate, demonstrating profitability resilience faced with oil price changes.

CNOOC Brings On-stream Wenchang 9-7 Oilfield Development Project Published： 2025-04-14 On April 14, CNOOC Limited announced that Wenchang 9-7 Oilfield Development Project has commenced production. The project is located in the western Pearl River Mouth Basin, with an average water depth of approximately 120 meters. The main production facility is a new drilling and production platform, which leverages the adjacent existing facilities for development.

CNOOC Limited Announces A Hundred-Million-Ton Oilfield Discovery of Huizhou 19-6 Published： 2025-03-31 On March 31, CNOOC Limited announced that the company has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place. Huizhou 19-6 oilfield is located in the eastern South China Sea, with an average water depth of approximately 100 meters.

CNOOC Limited Announces Its 2024 Annual Results Published： 2025-03-28 On March 27, CNOOC Limited announced its 2024 annual results for the year ended December 31, 2024.CNOOC Limited continued to capture high-quality growth over 2024. Despite the challenging macroeconomic trends, CNOOC Limited stuck to its strategy of increasing reserves and production while strictly controlling costs. The company’s capability of value creation has been enhanced and breakthroughs...

CNOOC Limited Brings On-stream Two New Projects Published： 2025-03-18 On March 17, CNOOC Limited announced that Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and Wenchang 19-1 Oilfield Phase II Project have commenced production. Caofeidian 6-4 Oilfield Comprehensive Adjustment Project is located in the western part of the Bohai Sea, with an average water depth of approximately 20 meters.

CNOOC Limited Achieves Major Breakthrough in the Exploration of Buried Hills in t... Published： 2025-03-06 On March 6, CNOOC Limited announced that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin. The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an oil and gas pay zone of 283 meters, with a total drilled depth of approx...

CNOOC Limited Brings On-stream Luda 5-2 North Oilfield Phase II Development Project Published： 2025-02-21 On February 21, CNOOC Limited announced that Luda 5-2 North Oilfield Phase II Development Project has commenced production. The project is located in the central part of the Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 1 new auxiliary production platform and 1 production wellhead platform.

CNOOC Limited Announces Buzios7 Project Commences Production Published： 2025-02-17 On February 17, CNOOC Limited announced that Buzios7 Project has commenced production safely. Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with a water depth of 1,900 to 2,200 meters. It is the largest deep-water pre-salt oilfield in the world. Buzios7 is the sixth project commissioned of the oilfield.

CNOOC Limited Brings On-stream Bozhong 26-6 Oilfield Development Project (Phase I) Published： 2025-02-07 On February 7, CNOOC Limited announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. The project is located in central Bohai Bay, with an average water depth of approximately 20 meters. The main production facilities include a new central processing platform and an unmanned wellhead platform.

CNOOC Limited Announces Its 2025 Business Strategy and Development Plan Published： 2025-01-25 On January 22, CNOOC Limited announced its business strategy and development plan for the year 2025.In 2025, the company’s production will continue to grow and daily net production will exceed 2 million BOE. The net production target for the year is 760 million to 780 million BOE...

CNOOC Limited Brings On-stream Dongfang 29-1 Gas Field Development Project Published： 2025-01-20 On January 20, 2025, CNOOC Limited announced that Dongfang 29-1 Gas Field Development Project has commenced production. The project is located in the Yinggehai Basin, with an average water depth of approximately 68 meters. The main production facilities include a new unmanned wellhead platform and a submarine pipeline. A total of 6 development wells are planned to be commissioned. The projec...

CNOOC Limited Brings On-stream Panyu 11-12 Oilfield / Panyu 10-1 Oilfield / Panyu... Published： 2025-01-02 On January 2, 2025, CNOOC Limited announced that Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment Joint Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth of approximately 100 meters.