China’s state-controlled oil and gas exploration and production company CNOOC has has started drilling operations at it’s first well offshore Republic of Congo using Jasper Explorer drillship. The drilling contract between Jasper Investments and CNOOC was signed in January 2013. Under the contract, the Jasper Explorer will drill two firm wells plus one option well in offshore Republic of [...]
China’s CNOOC Limited announced today that Weizhou 6-12 oil field has recently commenced production. Weizhou 6-12 oil field is located in Beibu Gulf Basin in the north part of the South China Sea with an average water depth of about 29.2 meters. The project has 10 producing wells and is expected to hit its peak [...]
JDR, a leading provider of technology connecting the global offshore energy industry, has deployed a range of dynamic subsea production umbilicals and ESP power cables for the China National Offshore Oil Corporation (CNOOC) in their Liuhua 4-1 field subsea tieback project. JDR designed and manufactured over 42 kilometres of ESP power cable, each incorporating nine power [...]
CNOOC Limited today announced its annual results for the 12 months ended December 31, 2012. In 2012, the Company said it had made outstanding achievements in exploration activities with breakthroughs in shallow water and deepwater offshore China as well as overseas. Among a total of 21 new discoveries and 19 successful appraisals of oil and [...]
Roc Oil (China) Company, a wholly owned subsidiary of ROC, advises that following the successful installation, hook-up and commissioning of offshore facilities for the Beibu Gulf Project, first production has been achieved from two development wells, A5H and A2, on the WZ 6-12 wellhead platform. Both onshore and offshore construction and drilling activities have been undertaken safely [...]
China’s semi-submersible offshore drilling rig, Hai Yang Shi You 981, has returned to operations in the South China Sea, after it had undergone repairs following an oil leak found in a water pump room, Reuters has reported. In an e-mail sent to the news agency, China’s state-run oil company CNOOC and the owner of the deepwater [...]
China’s state-controlled oil company CNOOC Limited announced today that it has completed its acquisition of Canada’s oil company Nexen Inc. . Total consideration of approximately US$15.1 billion has been paid for Nexen’s common and preferred shares. Wang Yilin, Chairman of CNOOC Limited said, “The Company is delighted to acquire a leading international platform through the [...]
The Committee on Foreign Investment in the United States’ (CFIUS), on February 12, approved the China National Offshore Oil Corporation (CNOOC) takeover of Nexen Inc., which could potentially include Nexen’s royalty-free drilling operations in the Gulf of Mexico as part of the deal. In response to the potential transfer of royalty-free drilling of American resources [...]
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China’s oil company CNOOC has announced that the Committee on Foreign Investment in the United States has given formal approval in connection with the CNOOC’s potential acquisition of Canada’s Nexen. This means that all of the requisite approvals to proceed to close have now been granted. The transaction is expected to close the week of [...]
CNOOC Limited today announced a summary of the Company’s business strategy and development plan for the year 2013. The Company’s net production target of 2013 is in the range of 338 to 348 million barrels of oil equivalent (BOE), while the net production for 2012 is estimated to be 341 to 343 million BOE. During [...]
