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CNOOC Announces Second Production Startup in 2025
CNOOC Ltd. has started production in the offshore Dongfang 29-1 gas field, expected to reach 38 million cubic feet a day in peak production this year. The state-backed company has now announced two field startups in 2025, the other one being Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Development Project. Both are in the South China Sea. “The commissioning of Dongfang 29-1 will further release the production capacity of the Dongfang gas fields”, CNOOC Ltd., majority-owned by China National Offshore Oil Corp. (CNOOC), said in an online statement. “The Company’s offshore gas fields around Hainan Island will ... (full story)
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- Posted: Jan 20, 2025 1:57am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 118
