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CNOOC Limited announces key operational statistics of Q1


Published Apr 23, 2014
CNOOC Limited

CNOOC Limited announced 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.

Tags: CNOOC Limited




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