CNOOC details exploration, production highlights

CNOOC achieved eight new discoveries during the first half of the year, including six offshore China and two elsewhere.

The company successfully appraised two finds in the hundred-million-tons of oil equivalent-range in the Bohai Bay area of the South China Sea.

It also participated in ExxonMobil’s exploration campaign in the Stabroek block project offshore Guyana.

To date, two of the five new projects CNNOC planned to bring onstream this year have started production.

The company’s first half net oil and gas production was 238.1 MMboe, in-line with expectations.

Source: Offshore Magazine