Cnooc’s expansion seems focused on Chinese assets
Cnooc expands production
Chinese state-controlled firm continues to bring new fields online to lift output
Cnooc, one of China’s so-called ‘big three’ energy firms, has started production ahead of schedule at its 100pc-owned Luda 6-2 oilfield in Liaodong Bay in the Bohai Sea. Luda 6-2 is scheduled to reach its peak production of 10,000bl/d next year and uses the existing infrastructure of Cnooc’s Suizhong 36-1 oilfield. Earlier this month, Cnooc also started production ahead of schedule at Liuhua 21-2, another 100pc-owned field in deep waters in the eastern South China Sea. Output from Liuhua 21-2 is expected to peak at around 15,070bl/d in 2023. The NOC is in the process of expanding its upstream activities, particularly offshore and onshore within China. Cnooc’s combined oil and gas production
Also in this section
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
