News Releases

CNOOC Limited Announces Buzios5 Project Commences Production Published： 2023-06-01 On June 1, CNOOC Limited announced that Buzios5 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, with a daily production of about 600,000 barrels at present. Buzios5 is the fifth phase of oilfield development. It will be ...

CNOOC Limited Announces World’s First Semi-submersible “Double Hundred” Deep-s... Published： 2023-05-22 On May 20, CNOOC Limited announces that the Wenchang deep-sea floating wind demonstration project has been successfully connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea, 136 kilometers away from the shore in a water depth of 120 meters. It is the world's first semi-submersible "double hundred"...

CNOOC Limited Announces Operating Results for Q1 2023 Published： 2023-04-28 On April 27, CNOOC Limited announced its operating results for the first quarter of 2023. In the first quarter of 2023, the company stepped up its efforts in exploration and development, and achieved positive results in increasing reserves and production and improving quality and efficiency. Steady growth in net production was obtained and cost competitiveness was further consolidated.

Net Profit Doubled and Significant Progress Achieved Published： 2023-03-29 On March 29, CNOOC Limited announced its 2022 annual results for the year ended December 31, 2022. In 2022, despite the complicated and volatile energy conditions and international environment, CNOOC Limited managed to achieve record highs in its performance through increasing reserves and production, technological innovation and low-carbon transition. The company continued to reduce costs and ...

China’s First Deep-sea Floating Wind Power Platform “Haiyou Guanlan” Sets Sail Published： 2023-03-27 On March 26, "Haiyou Guanlan", China's first deep-sea floating wind power platform invested in and built by CNOOC, sets sail from Zhuhai towards Hainan. The platform will be installed in an offshore oilfield located 136 kilometers from Wenchang, Hainan. With a water depth of over 100 meters and an offshore distance of over 100 kilometers, the project lays a solid foundation for the development ...

CNOOC Headquarters Building Granted Carbon Neutral Building Certification Published： 2023-03-06 On March 6, CNOOC Headquarters received the Carbon Neutral Building Certification from the Beijing Green Exchange. With a total floor area of 96,000 square meters, CNOOC Headquarters has made constant efforts in energy conservation and carbon reduction in its daily management since the building was put into use in June 2006. The measures include an energy-saving lighting model, optimization of ...

CNOOC Limited Announces Major Oilfield Discovery of Bozhong 26-6 in Bohai Adding ... Published： 2023-03-01 On March 1, CNOOC Limited announces that it has discovered Bozhong 26-6 oilfield in Bohai Sea, which brings another hundred million tons of reserves. Bozhong 26-6 oilfield is located in the south of Bohai Sea, with an average water depth of 22 meters. The main oil-bearing play is Archean buried hill and the oil property is light crude. The discovery well BZ26-6-2 was drilled and completed at a ...

CNOOC Limited Announces Its 2023 Business Strategy and Development Plan Published： 2023-01-12 On January 11, CNOOC Limited announces its business strategy and development plan for the year 2023. The company raises its production target and capital expenditure budget for 2023. Net production target is 650 million to 660 million barrels of oil equivalent (BOE), of which, production from China and overseas accounts for approximately 70% and 30%, respectively. Net production is expected to ...

CNOOC Limited Announces Kenli 6-1 Oilfield 5-1, 5-2, 6-1 Block Development Projec... Published： 2022-12-26 On December 26, CNOOC Limited announces that Kenli 6-1 Oilfield 5-1, 5-2, 6-1 Block Development Project has commenced production. The project is located in the south of Bohai Sea, with an average water depth of around 19 meters. The main production facilities include 1 central platform and 6 unmanned wellhead platforms. 107 development wells are planned to be commissioned, including 67 producti...

CNOOC Limited Announces Bozhong- Kenli Oilfields Onshore Power Project Commences ... Published： 2022-12-26 On December 26, CNOOC Limited announcesthat Bozhong- Kenli oilfields onshore power project commences operation successfully. Bozhong-Kenli oilfields onshore power project is located in Bohai Bay. The main facilities of the project include 4 offshore electric power platforms and 1 onshore high-voltage substation. The designed power transmission capacity is 520 MW, currently the largest scale ons...

CNOOC Limited Announces Enping 15-1/10-2/15-2/20-4 Oilfields Joint Development Pr... Published： 2022-12-07 On December 7, CNOOC Limited announces that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South China Sea, with an average water depth of around 90 meters.

CNOOC Limited Announces Full Line Connection of Shen'an Pipeline Published： 2022-12-01 On December 1, CNOOC Limited announced that Shenmu-Anping coalbed methane pipeline (the "Shen'an pipeline") has been fully connected and is ready for operation. Shen'an pipeline starts from Shenmu, Yulin City of Shaanxi Province and ends at Anping County, Hengshui City of Hebei Province. The total length of the pipeline is approximately 623 kilometers, with a designed gas transmission capacity ...

CNOOC Completes Acquisition of Another 5% Participation Interest in Búzios Oilfi... Published： 2022-12-01 ​On December 1, CNOOC Limited announced that it has completed the acquisition of another 5% participation interest in the Production Sharing Contract of the Transfer of Rights (TOR) Surplus Volume related to Búzios oilfield.

CNOOC Limited Announces Jinzhou 31-1 Gas Field Development Project Commences Prod... Published： 2022-11-18 On November 18, CNOOC Limited announced 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 facil...

CNOOC Limited Announces MDA Gas Field of 3M Project in Indonesia Commences Produc... Published： 2022-11-16 On November 15, CNOOC Limited announced 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 facil...