CNOOC Ltd said the first three quarters of 2026 delivered the company’s highest-ever net production for the January-September period at 593.7 million barrels of oil equivalent (MMboe), up 2.7 percent from the same period last year. Domestic production accounted for 408.5 MMboe, up 1.9 percent year-on-year, CNOOC Ltd, majority owned by China National Offshore Oil […]
“The development of the project mainly leverages the adjacent existing facilities of the Wenchang Oilfields, with addition of a new jacket platform integrating functions such as oil and gas production, offshore drilling and completion operations as well as personnel accommodation”, CNOOC Ltd, the sole developer, said in a statement on its website. It plans to develop 15 wells.