Exploration & Production | Discoveries | Top Story
CNOOC Hits 108.1 MMBOE in Production; Tags Five New Discoveries
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CNOOC Limited has detailed its key operational statistics for the first quarter of 2014.
In the first quarter, the Company achieved a total net production of 108.1 million barrels of oil equivalent (BOE), representing 15.5% increase year over year (YoY).
The Company made five new discoveries and eight successful appraisal wells in offshore China. New discovery of Bozhong 22-1 demonstrated great exploration potential of natural gas in Bohai buried hill at deeper zone; another discovery of Lingshui 17-2 marked a breakthrough of the Company's independent deepwater exploration. After further successful appraisals, Bozhong 8-4 and Wushi 17-2 were proved to be mid-sized oil and gas structures. During the period, the new projects planned to commence production all made smooth process.
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