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CNOOC (00883.HK) announced that its Payara Project has commenced production safely. The Payara Project is located in the Stabroek Block offshor...
(WO) — CNOOC Ltd. has announced the safe commencement of production at the Payara Project in the Stabroek Block offshore Guyana. The project, equipped with one FPSO and 41 subsea wellheads, represents a significant milestone for the partnership and production growth of the Stabroek Block.
The projects are among nine CNOOC has scheduled for startup this year.
Here’s a roundup of the latest E&P headlines, including gas discoveries onshore the Nile Delta in the North Sea and a host of new contract awards from the past week in the upstream oil and gas industry
CNOOC Limited said on Wednesday that it would raise its production target and capital expenditure budget for 2023, with 9 new projects expected to come on stream this year.