Offshore staff
HONG KONG– CNOOC achieved a total net production of 113.8 MMboe during 3Q 2018, a decrease of 2.1% year over year (YoY).
Offshore China production reached 73.7 MMboe, while overseas production decreased 5.4% YoY to 40.1 MMboe, mainly due to the lower production efficiency in the UK North Sea as a result of the preparation work for infill drilling program.
During the period, the company made four new discoveries and drilled fourteen successful appraisal wells. The new Luda 4-3 discovery offshore China was preliminarily evaluated as a mid-sized oil and gas structure.
The company participated in the ExxonMobil-operatedLongtail and Hammerhead deepwater oil discoveries in the Stabroek block offshore Guyana.
On development and production, three out of five new projects planned for this year have started production. The Dongfang 13-2 gas fields and Wenchang 9-2/9-3/10-3 gas fields are under installation and commissioning and are expected to begin production within the year.
10/25/2018
