CNOOC Limited Starts Production at Xijiang 24 Block Oilfield

Reuters12-22 08:00
CNOOC Limited Starts Production at Xijiang 24 <a href="https://laohu8.com/S/XYZ">Block</a> Oilfield

CNOOC Limited has announced the commencement of production at the Xijiang Oilfields 24 Block Development Project, located in the shallow waters of the Pearl River Mouth Basin. The project utilizes existing facilities from the nearby Huixi Oilfields and features a newly added unmanned wellhead platform. Plans include the commissioning of 10 development wells, with an expected plateau production of approximately 18,000 barrels of oil equivalent per day in 2026. The oil produced is light crude. CNOOC Limited holds 100% interest in the project and operates it. Notably, the new Xijiang 24-7 platform is China’s first unmanned offshore platform designed for high-temperature fluid cooling and export, ensuring stable and continuous production.

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 via PR Newswire (Ref. ID: CN51605) on December 22, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment