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China National Offshore Oil Corporation announced its 2022 business strategy and development plan on January 11
In 2022, CNOOC's net production target is 600-610 million barrels of oil equivalent, of which China accounts for about 69% and overseas accounts for about 31%
In 2022, CNOOC's net production target is 600-610 million barrels of oil equivalent, of which China accounts for about 69% and overseas accounts for about 31%
According to the plan, the total capital expenditure budget of the company in 2022 is RMB 90-100 billion, of which exploration, development, production capitalization and other capital expenditures are expected to account for approximately 20%, 57%, 21% and 21% of the total capital expenditure budget, respectively.
In 2022, CNOOC plans to drill 227 offshore exploration wells and 132 onshore unconventional exploration wells, collecting about 17,000 square kilometers of 3D seismic data
CNOOC is expected to have 13 new projects put into production in 2022, mainly including the development of Bozhong 29-6 oilfield in China, the development of blocks 5-1, 5-2 and 6-1 of Kenli 6-1 oilfield, and the development of Enping 15-1 oilfield.
/10-2/15-2/20-4 oilfield group joint development and Shenfunan gas field development, as well as overseas Guyana Liza Phase II and Indonesia 3M (MDA, MBH, MAC) projects,
etc.
