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
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
