From Yahoo Finance: 2025-06-09 05:27:00

China National Offshore Oil Corporation (CNOOC) has started production at the Weizhou 5-3 oilfield in the South China Sea, targeting 10,000 boepd by 2026. The project uses one self-installing wellhead platform and existing facilities for development, with CNOOC holding a 51% interest. The company is a major player in offshore crude oil and natural gas production in China and globally, focusing on exploration, development, and sale of oil and gas. CNOOC recently began production at the Wenchang 9-7 Oilfield and two other projects in China, demonstrating its commitment to expanding its operations and reserves.



Read more at Yahoo Finance: CNOOC starts oil production at South China Sea field