CNOOC launches two new oil production projects

CNOOC Limited has started production at two new oil projects: the Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and the Wenchang 19-1 Oilfield Phase II Project. These projects mark a significant expansion in the company's operations. The Caofeidian project, located in the Bohai Sea, plans to produce 11,000 barrels of oil equivalent per day by 2026. The Wenchang project, in the Pearl River Mouth Basin, aims for 12,000 barrels per day by 2027. Both projects utilize advanced technologies for improved efficiency. CNOOC holds full ownership of both projects and is focused on reducing carbon emissions through innovative practices. The Caofeidian project will cut emissions by 13,000 tons annually, while Wenchang is expected to reduce emissions by 23,000 tons per year.