CNOOC (China National Offshore Oil Corporation) specializes in energy exploration and production, focusing on offshore oil and gas development, LNG production, and renewable energy. The company supports industries like energy infrastructure, manufacturing, and transportation, focusing on sustainability and innovation. CNOOC integrates advanced drilling technologies, IoT-enabled monitoring, and carbon capture solutions to optimize energy production, reduce emissions, and support clean energy transitions.
The Yellowtail Project has a production capacity of 250,000 barrels per day, which will increase the installed production capacity of Stabroek Block to 900,000 barrels of crude oil per day.
Six development wells are planned, with the project expected to reach a peak production of approximately 35 million cubic feet of natural gas per day in 2026.
CNOOC Limited commences production at its Kenli 10-2 Oilfields Development Project (Phase I), the largest shallow lithological oilfield offshore China.
The company has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in place.