The Caofeidian 6-4 project is expected to achieve peak production in 2026, followed by Wenchang 19-1 phase two in 2027.

The state-backed company has now announced six upstream start-ups in Chinese waters this year: 3 in the South China Sea and 3 ...

China National Offshore Oil Corporation (CNOOC) has started production from its Luda 5-2 North Oilfield phase two development project. The field is located in the central part of the Bohai Sea at ...

The oil property is heavy crude. Luda 5-2 North Oilfield is the first oilfield to produce from super heavy oil reservoirs through thermal recovery in China. Its Phase I Project had already ...

China's first oilfield from with reserves of super-heavy oil begins extracting reservoirs through thermal recovery. Luda 5-2 North Oilfield Phase II Development Project commenced production ...

CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Luda 5-2 North Oilfield Phase II Development Project has commenced production.

Image by Rainer Lesniewski via iStock CNOOC Ltd. has achieved first oil in the second-phase development of the Luda 5-2 North field in the Bohai Sea, the fourth project it announced to have been ...

The oil property is heavy crude. Luda 5-2 North Oilfield is the first oilfield to produce from super heavy oil reservoirs through thermal recovery in China. Its Phase I Project had already ...