Exploration & Appraisals | Forecast - Production | Offshore | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2020 | 2020 Guidance
CNOOC Ups Spending, Drilling ~30% YOY; Details New Projects for 2020
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CNOOC Limited has detailed its business strategy and development plan for the year 2020.
The company is increasing spending and drilling activity across the board. However, production is only slated to increase 4% from year-end 2019 totals.
2020 Details New Projects for 2020In 2020, ten new projects are expected to come on stream, namely the following:
Penglai 19-3 oil field block 4 adjustment/Penglai19-9 oil field phase II Qinhuangdao 33-1 South oil field phase I Bozhong 19-6 gas field pilot area development project Luda 16-3/21-2 joint development project Nanbao 35-2 oil filed S1 area Jinzhou 25-1 oil field 6/11 area Liuhua 29-1 gas field development project and Liuhua 16-2 oil field/20-2 oil field joint development project in offshore China Liza oil field phase 1 in…- ✓ Full news archive — U.S., Canada & international coverage
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