Operational Updates
CNOOC Attributed It's Production Growth of 87.8 MMboe to New Projects
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CNOOC Limited announced its results for the third quarter of 2012.
The company achieved a total net production of 87.8 million barrels of oil equivalent (BOE) for the third quarter of the year, primarily attributable to the production contribution from the new projects and new development wells, the continuous improvement of overseas production and the stable performance of producing oil and gas fields. The company expects the annual production volume to reach 335 to 345 million BOE primarily due to the strong growth momentum of the fourth quarter.
During the period, the company made eight successful appraisal wells in offshore China. The appraisal confirmed that Kenli 9-1 and Dongfang 13-2 are mid and large-sized discoveries, respectively.
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