China's CNOOC goes whole hog to meet oil, gas demand

chinadaily.com.cn Company 2020-03-03 12:01:33

China National Offshore Oil Corp (CNOOC) has been working on shoring up operations to ensure oil and gas security for domestic companies that have been resuming production to ease the impact of the novel coronavirus outbreak and maintain economic stability.


The corporation, China's largest producer of offshore oil and gas, has produced 9.61 million tonnes of oil and gas equivalent as of February 27, 5.5% up compared with the same period in the previous year.


Major projects including the Bozhong 19-6 gas field in Bohai Bay and Lingshui 17-2, the deepwater gas field located in water depths of 1,500 meters in the South China Sea, have all been operating to achieve the company's yearly oil and gas production target.


More than 120 of the company's offshore oil and gas fields have been running continuously amid the coronavirus outbreak, it said.


As the second biggest crude production base, the Bohai oilfield has so far produced 4.94 million tonnes of oil and gas equivalent, a year-on-year increase of 9.97%. Bozhong 19-6, with proven oil and gas geological reserves of approximately 300 million tonnes, is also undergoing improvements to ensure the gas field is put into operation this year.


Analysts said CNOOC has illustrated its capabilities as oil and gas production has risen 5% during the past two months instead of falling in the face of the epidemic.


The company has provided 73,700 tonnes of petroleum products during the Spring Festival holiday to provinces like Hubei and Zhejiang. Its 43 gas stations in Hubei are in service and have provided 4,900 tonnes of petroleum products to the region to help buffer the impact of the novel coronavirus outbreak.


(Writing by Tian Zhang  Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Australian Brisbane's Apr coal exports down 25.33% YoY 2022-05-27

Coal exports of Brisbane port in Queensland, Australia rebounded in April from the preceding month yet remained lower from the year-ago level, according to the latest data released by the Port of Bris

2 China met coal market in figures (May 27) 2022-05-27

China coking coal, met coke and steel market key figures in focus.

3 China thermal coal market in figures (May 27) 2022-05-27

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

4 China's coal mining & washing industry profit surges 199.3% in Jan-Apr 2022-05-27

The profit of coal mining and washing industry in China surged 199.3% year on year to 344.28 billion yuan ($51.13 billion) during January-April, showed the latest data from the National Bureau of Stat

5 Shanxi to supply 47.70 Mt of coal to 9 provinces over Apr-Dec 2022-05-27

Shanxi, the top coal mining base in China, vowed to supply 47.70 million tonnes of coal to nine provinces, including large coal-consuming provinces of Fujian, Guangdong and Zhejiang, from April to the

6 Guizhou sees downward pressure in energy industry in Jan-Apr 2022-05-27

Raw coal production in southeastern China's Guizhou province decreased by 0.2% in April compared with the same month of the previous year, according to data from the local energy bureau.

7 Indonesian thermal coal prices under pressure amid China's absence 2022-05-26

Indonesian thermal coal continued to reel from China's absence in another thinly-traded session, as its price advantage reversed against Chinese domestic cargoes. Only a 3,800 Kcal/kg NAR

8 Russia's Elga Coal posts 29% MoM growth in Apr coal output 2022-05-26

Russia's metallurgical coal miner Elga Coal saw its coal production hit a record high of 2 million tonnes in April, presenting a month-on-month jump of 29%, said the mining company on May 24.

9 China's coking coal prices range-bound; 4th coke price cut materializes 2022-05-26

China's coking coal prices moved within a small range with both increase and decline heard in major production areas, as market participants remained cautious, waiting to see further signs in the down

10 China May coke market: still weak after 3 rounds of price cuts 2022-05-26

China's metallurgical coke market started to weaken after the May Day holiday, as steelmakers were in no rush to buy coke with reducing transport restrictions and coke supply remained sufficient amid

Most Read Articles

1 China's coking coal imports from Mongolia set to rise 2022-05-23

China's coking coal imports from Mongolia are expected to further increase, as authorities at Ceke border crossing plan to reopen the key gateway tentatively from May 25 onwards. Ce

2 Review: China's Apr coking coal imports keep rising; Australian intakes remain zero 2022-05-24

China's coking coal imports posted both year-on-year and month-on-month rises in April, while average import prices rebounded. Russia remains the largest coking coal supplier to China in the month, wh

3 Japan's ban on Russian coal to be an opportunity for Australia? 2022-05-23

Japan declared to follow European countries and the U.S. to phase out energy imports from Russia as a part of sanction measures against Russia for its conflict with Ukraine. Japan's decis

4 China's coking coal imports rise 22.2% YoY in Apr, GAC 2022-05-23

China's coking coal imports came in at 4.26 million tonnes in April, up 22.2% year on year and 13.14% month on month, customs data showed on May 23. The import value came in

5 China Apr thermal coal imports soar 57.67% on mth, lignite up 56.1%, GAC 2022-05-23

China's thermal coal (including bituminous and sub-bituminous coal, but excluding lignite) imports fell 29.18% year on year to 6.82 million tonnes in April, showed data from the General Administration

6 Mongolian coal inflows hit new high at China's Ganqimaodu; Ceke re-opens 2022-05-25

China may see Mongolian coal supplies continue to rise as trucks hauling coal from the landlocked country into China's largest inland port Ganqimaodu reached a five-month high on May 24, while shipmen

7 Large capacity release could weigh on China's thermal coal market 2022-05-24

Market talk that China would work on a "concentrated" expansion of coal production capacity in the key producing hub of Ordos, Inner Mongolia has fueled further bearishness in the domestic thermal coa

8 Chinese buyers stay away from expensive Indonesian thermal coal 2022-05-25

China's absence weighed on Indonesian thermal coal prices as they have been more expensive than Chinese domestic cargoes, traders said, although the market expected the demand would come back in early

9 India cuts coking coal and coke import tariff to 0 from 2.5% 2022-05-23

India has reduced import tariffs on coking coal, coke, and PCI coal from 2.5-5% to 0%, in a bid to reduce steelmaking costs and alleviate the high inflation level in the country, according to the Indi

10 Restored Daqin line may pressure China's spot thermal coal market 2022-05-23

China's coal-dedicated Daqin rail line saw its daily coal shipments increase back to 1.3 million tonnes on May 22, right after its spring maintenance ended a day earlier. This will inevitably bring so