Chinese offshore oil and gas major CNOOC has brought nine new oil and gas projects into production in the first nine months of 2026, lifting its net output by 2…
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Chinese offshore oil and gas major CNOOC has brought nine new oil and gas projects into production in the first nine months of 2026, lifting its net output by 2.7% year-on-year to a record 593.7 million barrels of oil equivalent (boe) for the period.
Production from China reached 408.5 million boe, up 1.9% from a year earlier, supported by contributions from projects including Kenli 10-2, while overseas production increased 4.3% to 185.1 million boe, driven partly by projects in Guyana and Brazil.
The company also made five new oil and gas discoveries and successfully appraised 23 oil and gas-bearing structures during the period.
Among the discoveries and appraisal targets, Bozhong 8-3 South and Huizhou 21-8 continued to expand their estimated reserve volumes, with both expected to develop into large or medium-sized oil and gas fields.
On the development front, the Bozhong 26-6 oilfield continued expanding its production capacity, while the Panyu 10-4 oilfield achieved fully automated operations through intelligent systems.
Panyu 10-4 also introduced a power generation system that recovers waste heat from produced water, significantly reducing carbon dioxide emissions.
CNOOC reported
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