HONG KONG , Oct. 21, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project commenced production ahead of schedule. The project is located in eastern South China Sea, with an average water depth of about 98 meters.
The main production facilities include a new drilling production platform, with 23 development wells planned to be commissioned. The project is expected to achieve a peak production of approximately 26,000 barrels of oil equivalent per day in 2027. The oil property is medium crude.
CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at http://www.cnoocltd.
com . *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements.
These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected .