China
News
March 21, 2024
CNOOC will do whatever it takes to protect the interests of the firm and its shareholders by legal means, he said at a briefing in Hong Kong. Guyana’s Stabroek block is expected to yield as much as 1.2 MMbpd by 2027, Chief Financial Officer Wang Xin told the event.
News
March 18, 2024
The field has been tested to produce approximately 742 bopd from a single well. Through continued exploration, the proved in-place volume of the Qinhuangdao 27-3 oil field has reached 104 MMtoe.
News
March 14, 2024
The new natural gas field, with an annual production rate of 2 Bcm of natural gas and 130,000 tons of sulfur, is set to provide more clean energy for Southwestern China and the regions along the Sichuan-East pipeline.
News
March 08, 2024
The well was tested to produce an average of approximately 7,680 bpd and 0.52 MMcfgd. Through continued exploration, the proved in-place volume of Kaiping South oil field has reached 102 MMtoe.
News
February 28, 2024
The Philippines is developing other energy sources as its key Malampaya gas field — which supplies a fifth of the country’s power requirements — nears depletion. PXP Energy Corp.’s exploration work on Reed Bank, another potential source for gas, has been suspended “because of the geopolitical situation,” Sales said.
News
CNOOC reportedly hits significant discovery in world’s largest metamorphic rock field offshore China
February 26, 2024
The discovery of an additional 40 MMcmg now brings Bozhong’s proven reserves to 200 MMcmg, making it the largest metamorphic rock oil field in the world.
News
February 05, 2024
The main production facilities include 2 new central processing platforms and 2 new wellhead platforms. 118 development wells are planned, including 81 production wells and 37 water-injection wells. The project is expected to achieve a peak production of approximately 30,300 bopd in 2025.
News
January 25, 2024
In 2024, net production target is 700 MMboe to 720 MMboe, of which production from China and overseas accounts for approximately 69% and 31%, respectively. The net production target is 780 MMboe to 800 MMboe in 2025, and 810 MMboe to 830 MMboe in 2026.
News
January 23, 2024
The proven geological reserves amount to 133.012 Bcm as validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and tight-sandstone gas field of over 100 Bcm in China.
News
January 03, 2024
The project is expected to achieve a peak production of approximately 22,600 bopd in 2025.
News
November 24, 2023
On Nov. 15, Sinopec struck sizeable oil and gas flows in the Yuejin 3-3XC well of its Project Deep Earth NO.1 in the Tarim basin, with a daily oil and gas flow of 200 tonnes in liquids and 50,000 cmg.
News
November 16, 2023
(WO) — CNOOC Ltd. has initiated production at the Bozhong 19-6 condensate gas field development project in the central Bohai Sea.
News
November 14, 2023
65 development wells are planned to be commissioned, including 42 production wells, 20 gas injection wells and 3 water source wells. It is expected to achieve a peak production of approximately 37,000 boed in 2024.
News
November 06, 2023
The two sides also signed a long-term sales and purchase agreement (SPA) for the delivery of 3 MMtpa of LNG from the NFS project to Sinopec’s receiving terminals in China over a span of 27 years.
News
October 26, 2023
The field is expected to achieve a peak oil production of approximately 9,300 bpd in 2024.
News
September 28, 2023
With the majority of the world’s marine newbuild business located in China, and over 50% of Chinese shipyards located in a 200 km radius around Zhangjiagang, antifouling coatings are in high demand.
News
August 24, 2023
Sinopec has received official certification for the 30.55 Bcm proven geological reserve of natural gas discovered in phase-I of its Bazhong gas field, a significant breakthrough of Sinopec's Project Deep Earth-Sichuan and Chongqing natural gas base.
News
August 17, 2023
China’s biggest offshore driller reported 63.8 billion yuan ($8.76 billion) net income in the first six months, down 11% compared to 71.9 billion yuan a year earlier, it said in a filing. That follows a 6% decline in first-quarter earnings.
News
July 21, 2023
China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles). The project follows a similar sized well that CNPC began drilling in Xinjiang in May, described at the time as the deepest ever undertaken in China.
News
June 12, 2023
With its industrial base and deepwater ambitions, CNOOC, one of China’s three main state-owned oil firms, is on a spending spree to develop the drilling technology currently dominated by western oil majors.
News
June 06, 2023
Based on Sercel’s breakthrough QuietSeis MEMS technology, the GPR300 delivers unprecedented broadband signal sensing capability and fidelity, and ultra-quiet performance to enable best-in-class subsurface imaging and outperforms conventional OBN equipment.
