The President of Guyana Invited Chevron to Enter into a $150 Billion Oil Production Project
Guyanese President Irfaan Ali would welcome the entry of American Chevron Corp. into the capital of the operator of the Stabroek Block oil production project off the coast of the state. Ali told the Financial Times. Stabroek Block is one of the most “cash” deposits discovered in recent decades, the …
Guyana Welcomes Chevron’s Entry into Stabroek Project
Guyanese leader Irfaan Ali has a positive attitude towards Chevron’s possible entry into the Stabroek oil project, writes FT with reference to the President of Guyana himself. Guyanese authorities believe that Exxon’s growing stake in Stabroek Block threatens competition. That is, Chevron’s entry into the country through the acquisition of …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …
Hess Has Decided on a New Field in Guyana
Has Hess decided to wrest Whiptail from Exxon? Hess has received approval for its sixth project in the Stabroek block, Whiptail, offshore Guyana. She enlisted the support of the country’s authorities. Already at the end of 2027, Whiptail’s capacity should increase by 250 thousand b/d. Resources at Whiptail are 850 …
CNOOC Built a Well at the Enping 21-4 Field with a Record Deviation from the Vertical for China
At the Enping 21-4 field in the Pearl River estuary basin, CNOOC commissioned a well with a record-breaking reach-out for China. CNOOC reported this on April 13, 2024. Record well According to CNOOC: well A1H in the Enping 21-4 oil field is China’s first independently designed and constructed extended reach …
An Ultra-Deep Well Was Put into Operation in South China
The well drilling depth is 9,508 m, horizontal displacement is 8,689 m China National Offshore Oil Corporation (CNOOC) announced that the country’s first ultra-deep well, Enping 21-4, has been successfully brought into production offshore the Pearl River Estuary. The drilling depth of the well is 9,508 m, the horizontal displacement …
A Company From China Received Licenses to Search For Oil&Gas on the Mozambique Shelf
The licenses provide for CNOOC to carry out geological exploration work in these areas, which includes, among other things, obtaining 3D seismic data from an area of 26 thousand square meters. km and drilling of at least four exploration wells Licenses for oil and gas exploration in five areas on …
CNOOC Announced the Start of Production at Another Oil Field
Chinese CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) has begun production at an oil field located in the Bohai Gulf. The company’s press service reports this. Penglai 19-3 Oil Field the project is located in the south-central Bohai Bay; work is …
China Breaks Its Own Record in Offshore Drilling
China is ramping up offshore drilling as part of its energy security strategy China’s CNOOC reported that the number of wells in the Bohai Gulf at the Kenli 6-1 oil project increased to 177. CNOOC representative Liu Baosheng said that in less than two years the company drilled more than …
Exxon, Hess and CNOOC Prepare New Oil Project in Guyana
American and Chinese oil and gas companies are preparing to launch the sixth offshore oil project in the Latin American country. $12.93 billion has been allocated for its development. The new project, called Whiptail, will be commissioned in 2027. This is not the first permission for a new oil production …