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On January 11, China National Offshore Oil Corporation (CNOOC) announced its 2022 business strategy and development plan
In 2022, the company's net production target is 600 million barrels to 610 million barrels of oil equivalent , of which China accounts for about 69% and overseas accounts for about 31%
600 million barrels to 610 million barrels of oil equivalent , China accounts for about 69%, and overseas accounts for about 31%
The company's net production in 2021 will be approximately 570 million barrels of oil equivalent
640 million barrels - 650 million barrels of oil equivalent and 680 million barrels - 690 million barrels of oil equivalent
In 2022, the company's total capital expenditure budget is RMB 90 billion to 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, the company plans to drill 227 offshore exploration wells and 132 onshore unconventional exploration wells
The company plans to drill 227 offshore exploration wells and 132 onshore unconventional exploration wellsCollect 3D seismic data about 17,000 square kilometers
Collect 3D seismic data about 17,000 square kilometersIn 2022, the company expects to have 13 new projects put into production
In 2022, the company expects to have 13 new projects put into productionAmong them, it mainly includes 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 15-1/10-2/15-2/20 -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,
2021 marks the 20th anniversary of the company's listing
In 2022, CNOOC will continue to put efficiency first, insist on increasing oil and gas reserves and production, promote green energy transformation, continuously improve value creation capabilities, and contribute more to ensuring national energy security
