Nexen boosts CNOOC’s first-half production

Nexen Energy ULC contributed 36.3 million boe during this year’s first half to CNOOC Ltd.’s total net oil and gas production of 211.6 million boe, a 6.8% year-over-year increase, the company reported. In comparison, Nexen produced 24.8 million boe in its first few months under CNOOC control during last year’s first half (OGJ Online, Aug. 22, 2013).

Nexen attributes the rise to improved production in the Long Lake oil sands project in the southern Athabasca region of Alberta and Buzzard oil field of the UK North Sea. CNOOC says it’s continuing to advance its integration with Nexen in the areas of management, resources development, and corporate culture.

CNOOC overall recorded 9 discoveries and 23 successful appraisal wells during the first half. Notably, the Lingshui 17-2 discovery was tested and is expected to become the first large-scale deepwater gas field resulting from the company’s independent exploration activities (OGJ Online, Aug. 28, 2014).

The company says the Luda 16-3 South structure is expected to become a midsized discovery after appraisal, while the Kenli 16-1 structure shows promising exploration potential for the southern slope of Laizhou Bay Sag in Bohai.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected