CNOOC Limited Reports 6.7% Production Growth in First Nine Months of 2025

Reuters10-30

CNOOC Limited Reports 6.7% Production Growth in First Nine Months of 2025

CNOOC Limited reported steady progress in project development and production growth for the first three quarters of 2025. The company achieved a net production of 578.3 million barrels of oil equivalent $(BOE)$, marking a 6.7% year-on-year increase. Natural gas production rose by 11.6% during this period. Net production in China grew by 8.6% to 400.8 million BOE, driven by contributions from fields such as Shenhai-1 Phase II and Bozhong 19-2. Overseas net production increased by 2.6% to 177.4 million BOE, with notable growth from the Mero 3 project in Brazil. In the third quarter alone, net production reached 193.7 million BOE, a 7.9% year-on-year increase. CNOOC made five new discoveries and successfully appraised 22 oil and gas-bearing structures, including the promising Kenli 10-6 and Lingshui 17-2. Fourteen new projects commenced production during the period, including developments in China and the Yellowtail Project in Guyana. The company maintained effective cost controls and demonstrated resilient profitability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNOOC Limited published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.

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