[ET Net News Agency, 24 October 2019] CNOOC Limited (00883) said the company achieved a
total net production of 124.8 million barrels of oil equivalent (BOE) for the third
quarter of 2019, representing an increase of 9.7% year over year (YoY). Production from
offshore China increased 8.9% YoY to 80.2 million BOE, mainly attributable to production
growth from the commencement of new projects. Overseas production increased 11.2% YoY to
44.6 million BOE, mainly due to the contribution from the new projects of Egina and
Appomattox.
For the third quarter of 2019, the company made three new discoveries and drilled 19
successful appraisal wells. In offshore China, Kenli 6-1 in Bohai was successfully
appraised and is expected to be a mid-sized oil and gas structure. In Guyana, the new
discovery of Tripletail was made in the Stabroek block, which is the fourteenth oil
discovery achieved in the block and will support the future development of the Turbot
area. (RC)