CNOOC’s 2026 run powered by 9 start-ups, 5 new oil & gas discoveries, and 23 appraisals

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) is advancing its growth trajectory by capitalizing on production achieved at nine new projects, five oil and gas discoveries, and 23 appraisal campaigns in the first three quarters of 2026, as its output continues to hit new highs.

CNOOC’s operating results for the third quarter of 2026 show that the company kept increasing its reserves and production while progressing exploration and development projects, achieving continued growth in net production of oil and gas, and net profit attributable to equity shareholders.

The Asian giant made five discoveries and appraised 23 oil and gas-bearing structures in the first three quarters of 2026, including Bozhong 8-3 South and Huizhou 21-8, which continued to expand their reserve scale and are expected to become large and medium-sized oil and gas fields. The company underlines that nine new projects were put into production mode in the first three quarters.

While Bozhong 26-6 oilfield continued to expand production capacity, effectively bolstering energy supply capacity in the Beijing-Tianjin-Hebei and Bohai Rim regions, the firm explained that Panyu 10-4 oilfield achieved fully automated operations through intelligent systems and significantly reduced carbon dioxide emissions by applying a power generation system that recovers waste heat from produced water.

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