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CNOOC: 2 New Projects Commence Production
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CNOOC (00883.HK) announced that Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and Wenchang 19-1 Oilfield Phase II Project have commenced production. For Caofeidian 6-4 Oilfield Comprehensive Adjustment Project, 25 development wells are planned to be put into production. The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day in 2026. The oil property is light crude. For Wenchang 19-1 Oilfield Phase II Project, 13 development wells are planned to be put into production. The project is expected to achieve a peak production of approximately 12,000 barrels of oil equivalent per day in 2027. The oil property is medium crude. AAStocks Financial News |
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