AdvertisementHONG KONG, June 27, 2024 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Enping 21-4 Oilfield Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth of approximately 89 meters. It will be developed by leveraging the existing production facilities and is expected to achieve a peak production of approximately 5,300 barrels of oil equivalent per day in 2025. Enping 21-4 oilfield was developed with 2 extra extended reach wells drilled from the existing production platform. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements.

Source: The Bubble June 27, 2024 21:08 UTC