Offshore staff
HONG KONG — CNOOC is targeting net production this year in the range 650 MMboe to 660 MMboe, of which about 70% will come from the company’s activities in China and 30% elsewhere.
The company forecasts 690 MMboe to 700 MMboe net in 2024, and 730 MMboe to 740 MMboe in 2025.
CNOOC is budgeting capex of RMB 100 billion to 110 billion (US$14.76 billion to $16.24 billion) this year, with exploration, development, production and others accounting for roughly 18%, 59%, 21% and 2%.
In 2023 CNOOC expects to bring onstream the Bozhong 19-6 condensate gas field Phase I, Lufeng 12-3 and Enping 18-6 oilfield developments offshore China, with Payara offshore Guyana and Buzios5 and Mero2 offshore Brazil also entering production.
In addition, the company intends to advance its project of onshore power for its offshore platforms, and it will lead the development of the CZ7 centralized offshore wind power demonstration project in Hainan, which should send about 500 million kWh/year to the Chinese grid upon completion.
01.11.2023
