China's CNOOC Ltd started producing crude oil at 1/3/8/9 block of the Penglai 19-3 oilfield off north China's Bohai Bay, the company said in a statement on Tuesday.The new block currently has two wells in production and daily output is expected to reach a peak rate of 58…
CNOOC has signed a production sharing contract (PSC) with South Korea's SK Innovation for Block 17/08 in the South China Sea. Block 17/08 is in the Pearl River Mouth basin, covering a total area of 466sq km with a water depth of 100-130m…
CNOOC CEO Yang Hua has resigned from his position effective today (18 April), with Yuan Guanguy taking the reigns. Yang, who was only CEO for less than one year at the company, will stay on as the chairman of the board. Yang was promoted…
FAR has signed a two-year area of mutual interest (AMI) agreement with CNOOC UK for licenses offshore Senegal and The Gambia. FAR, CNOOC AIM map. Image from FAR. The AMI will see FAR and CNOOC UK partner in evaluating…
China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…
CNOOC Ltd. started production at the Weizhou 6-9/6-10 comprehensive adjustment project in the South China Sea. The Weizhou field is in the Beibu Gulf at about 35m water depth. In addition to fully utilizing the existing facilities of Weizhou 6-9/6-10…
China National Offshore Oil Corp. (CNOOC) has appointed a company chairman, Yang Hua, as its new new CEO. Hua is replacing Li Fanrong who will join China’s National Energy Administration as deputy director. Hua said he will continue…
Primeline Energy has begun arbitration proceedings against China National Offshore Oil Corp. (CNOOC) for continuing disputes over the development, production and sale of gas from the LS36-1 gas field in the East China Sea. Primeline, which has 49% stake in LS36-1 in Block 25/34…
China National Offshore Oil Corp. (CNOOC) has started production at its Panyu 11-5 field in the South China Sea. Panyu is loctated in the Pearl River Mouth basin in 110m water depth. While there is currently one well producing approximately 3270 b/d…
China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…
Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…
China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…
CNOOC Limited has announced that the Luda 10-1 comprehensive adjustment project has commenced production. The Luda 10-1 oilfield is located in Liaodong Bay of Bohai with an average water depth of approximately 30m. In addition to fully utilizing the existing facilities of Luda 10-1…
Yang Hua has been appointed as chairman of the board and chairman of the nomination committee of CNOOC. This appointment followed the resignation of Wang Yilin from his positions at CNOOC as chairman of the board, chairman of the nomination committee and non-executive director of CNOOC…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
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