Strong first half for CNOOC

CNOOC’s net production totaled 105.8 MMboe during the first half of this year, an increase of 15.2% compared with the same period in 2008. The company’s crude oil output reached 87.3 MMbbl, an increase of 20.1%.

Offshore staff

HONG KONG -- CNOOC’s net production totaled 105.8 MMboe during the first half of this year, an increase of 15.2% compared with the same period in 2008. The company’s crude oil output reached 87.3 MMbbl, an increase of 20.1%.


The strong performance was due mainly to several major projects being put into production in 2008, including platform B of Penglai 19-3 Phase II., Other contributions offshore China have come from Panyu 30-1, Bozhong 28-2S, and Qinhuangdao 33-1 fields. Off Nigeria, Phase 1 of the deepwater Akpo oilfield development in OML130 came onstream, boosting the company’s overseas production. This was followed by start-up of the Tangguh LNG project in Indonesia early in July. 

In the first half of the year, the company recorded 10 discoveries and eight successful appraisal wells. Highlights were a new mid-size discovery, Jinzhou 20-2 North in Liaodong Bay; and others in adjacent area around the Shijiutuo uplift, including Qinhuangdao 29-2, Qinhuangdao 35-4, Bozhong 2-1, and Qinhuangdao 36-3. Also, both appraisal wells in Liwan 3-1, the first deepwater gas discovery offshore China, were successful,.

08/26/2009

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