CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Suizhong 36-2 Oilfield 36-2 Block Development Project has commenced production.
The project is located in Liaodong Bay of Bohai Sea, with an average water depth of approximately 27 meters. The main production facility is a new unmanned wellhead platform. A total of 21 development wells are planned to be commissioned, including 16 production wells and 5 water-injection wells. The project is expected to achieve a peak production of approximately 9,700 barrels of oil equivalent per day in 2026. The oil property is light crude.
The project relies on the facilities of the adjacent producing projects to process and transport the crude. Standardized engineering and construction was applied to the project, to effectively reduce the offshore construction workload, thus controlling the overall investment and ensuring the project’s return.
CNOOC Limited holds 100% interest in this project and is the operator.
About CNOOC
CNOOC Limited (SEHK: 00883, SSE: 600938) is a listed company on the Shanghai Stock Exchange and the Hong Kong Stock Exchange with stock codes of 600938 and 00883, respectively.
The Company is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Company mainly engages in exploration, development, production and sale of crude oil and natural gas.