CNOOC Starts Up Nine Oil and Gas Projects as Production Hits Record

Chinese offshore oil and gas major CNOOC has brought nine new oil and gas projects into production in the first nine months of 2026, lifting its net output by 2.7% year-on-year to a record 593.7 million barrels of oil equivalent (boe) for the period.

Production from China reached 408.5 million boe, up 1.9% from a year earlier, supported by contributions from projects including Kenli 10-2, while overseas production increased 4.3% to 185.1 million boe, driven partly by projects in Guyana and Brazil.

The company also made five new oil and gas discoveries and successfully appraised 23 oil and gas-bearing structures during the period.

Among the discoveries and appraisal targets, Bozhong 8-3 South and Huizhou 21-8 continued to expand their estimated reserve volumes, with both expected to develop into large or medium-sized oil and gas fields.

This story was originally published by Offshore Engineer. Read the full story at Offshore Engineer →