CNOOC launches ninth offshore project in 2025 in the South China Sea
Chinese oil group CNOOC continues its expansion strategy with a new production start-up in the Pearl River Basin, marking its ninth offshore launch in 2025.
| Countries | Brésil, Chine, Guyana |
|---|---|
| Sector | Pétrole |
| Theme | Marchés & Finance |
Oil company CNOOC Ltd has announced the start of production at the Xijiang 24 block development project, located in the Pearl River Mouth Basin in the South China Sea. This project is the ninth brought online by the company in this maritime zone in 2025. The site is expected to reach a capacity of around 18,000 barrels of oil equivalent per day (boe/d) in 2026. The field produces light crude oil.
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