HONG KONG, April 13, 2025/ PRNewswire/– CNOOC Limited (the “Business”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today reveals that Wenchang 9-7 Oilfield Advancement Job has actually begun production.
The job lies in the western Pearl River Mouth Basin, with a typical water depth of roughly 120 meters. The primary production center is a brand-new drilling and production platform, which leverages the surrounding existing centers for advancement. 25 advancement wells are prepared to be commissioned, consisting of 18 production wells and 7 gas injection wells. The job is anticipated to accomplish a plateau production of roughly 12,000 barrels of oil comparable daily in 2027. The oil home is light crude.
Sticking to the principle of effective usage of resources and sustainable advancement, CNOOC Limited has actually progressively promoted green advancement of overseas oil and gas resources. Wenchang 9-7 Oilfield Advancement Job is the very first offshore low permeability oilfield that makes use of miscible gas flooding. The innovation resolves the issue of low permeability tanks advancement and considerably improves oil healing. On the other hand, the Business pursues effective healing and usage of associated gas and constructs a detailed gas network in Wenchang Oilfields. The pipelines are adjoined, while flare gas and waste heat is recuperated. Leveraging the gas network, Wenchang 9-7 Oilfield has actually understood “no flaring”. In addition, Wenchang 9-7 Oilfield is geared up with the world’s very first 5MW offshore high-temperature flue gas ORC power generation system, which is anticipated to produce as much as 40 million kilowatt-hours of electrical power and therefore decrease co2 emissions by roughly 33,000 lots each year.
CNOOC holds 100% interest of the job, and is the operator.
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Notes to Editors:
More info about the Business is offered at http://www.cnoocltd.com.
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This news release consists of forward looking info, consisting of declarations relating to the most likely future advancements in business of the Business and its subsidiaries, such as anticipated future occasions, service potential customers or monetary outcomes. The words “anticipate”, “prepare for”, “continue”, “quote”, “unbiased”, “continuous”, “might”, “will”, “job”, “ought to”, “think”, “strategies”, “means” and comparable expressions are planned to recognize such positive declarations. These declarations are based upon presumptions and analyses made by the Business since this date because of its experience and its understanding of historic patterns, present conditions and anticipated future advancements, along with other aspects that the Business presently thinks are suitable under the situations. Nevertheless, whether real outcomes and advancements will fulfill the present expectations and forecasts of the Business doubts. Real outcomes, efficiency and monetary condition might vary materially from the Business’s expectations, consisting of however not restricted to those related to macro-political and financial aspects, variations in petroleum and gas costs, the extremely competitive nature of the oil and gas market, environment modification and ecological policies, the Business’s rate projection, mergers, acquisitions and divestments activities, HSSE and insurance coverage and modifications in anti-corruption, anti- scams, anti-money laundering and business governance laws and guidelines.
Subsequently, all of the positive declarations made in this news release are certified by these cautionary declarations. The Business can not ensure that the outcomes or advancements expected will be understood or, even if significantly understood, that they will have the anticipated result on the Business, its service or operations.
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For additional queries, please contact:
Ms. Cui Liu
Media & & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
Email: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Financing Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
Email: cnooc.hk@pordahavas.com
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SOURCE CNOOC Limited
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