Cnooc’s expansion seems focused on Chinese assets
Cnooc expands production
Chinese state-controlled firm continues to bring new fields online to lift output
Cnooc, one of China’s so-called ‘big three’ energy firms, has started production ahead of schedule at its 100pc-owned Luda 6-2 oilfield in Liaodong Bay in the Bohai Sea. Luda 6-2 is scheduled to reach its peak production of 10,000bl/d next year and uses the existing infrastructure of Cnooc’s Suizhong 36-1 oilfield. Earlier this month, Cnooc also started production ahead of schedule at Liuhua 21-2, another 100pc-owned field in deep waters in the eastern South China Sea. Output from Liuhua 21-2 is expected to peak at around 15,070bl/d in 2023. The NOC is in the process of expanding its upstream activities, particularly offshore and onshore within China. Cnooc’s combined oil and gas production
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
