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

Christie calls for N. American energy system improvements

09/05/2014 Mexico, Canada, and the US will need to significantly increase investments in energy systems if they expect to achieve the full benefits of a North...

MARKET WATCH: Crude oil experiences week-long ‘bumpy ride’

09/05/2014 The crude oil market was taken on a “bumpy ride” down a rocky road for much of this week, according to a commodities research note from Barclays Re...

Devon Canada files with AER for Walleye oil sands project


Devon Canada Corp. has submitted applications with Canada’s Alberta Energy Regulator for its Walleye steam-assisted gravity drainage project.

AU Energy to acquire Tullow Netherlands unit

09/05/2014 AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonopera...

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