China’s largest offshore producer announced that it has begun production at its offshore expansion project
China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced this week that it has begun production at its Qinhuangdao 32-6
comprehensive adjustment project. Once the project reaches its peak production capability it is expected to produce 36 MBOPD, according to the company’s press release.

The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20 meters. The ...

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