The design concept of intelligent oil and gas fields was used in the two new projects.

Mero3 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea.

The project is expected to reach peak production of 162 million cubic feet of natural gas and 3,931 barrels of condensate per day in 2025.

The project is expected to achieve a peak production of approximately 17,900 barrels of oil equivalent per day in 2026. The oil property is heavy crude.

The well was tested to produce 430,000 cubic meters per day of absolute open flow natural gas, marking the first major exploration breakthrough in ultra-deepwater carbonate rocks offshore China.

Multiple large-size gas fields have been discovered in Yinggehai, Qiongdongnan and Pearl River Mouth basins.

The successful well proves the promising exploration potential in the mature area of Wushi Sag.

CNOOC Limited announced that it has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay.

It is the first ultra-deep well of the Company in Bohai Bay, which is producing approximately 6,300 barrels of oil equivalent per day.

The project is expected to achieve peak production of approximately 18,100 barrels of oil equivalent per day in 2026, and the oil property is light crude.