Valeura Energy has budgeted 2025 capex in the range of $125 million to 150 million for its global E&P programs, plus about $11 million for exploration drilling.
CNOOC says the Huizhou 26-6 oilfield development in the Pearl River Mouth Basin and the Jinzhou 23-2 oilfield project in the Bohai Sea will achieve peak production in 2027.