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
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind