China's CNOOC Commences New Offshore Oil Project in the South China Sea
12.22.2025 By Tank Terminals - NEWS

December 22, 2025 [Reuters]- Chinese oil major CNOOC Ltd said on Monday that an offshore oil project in the South China Sea had commenced production.

 

Xijiang Oilfields 24 Block Development Project, located in the shallow water of the Pearl River Mouth Basin, is expected to achieve a plateau production of about 18,000 barrels of light crude oil equivalent per day in 2026, CNOOC said in a statement.

The development of the project mainly leverages the adjacent existing facilities of the Huixi Oilfields, with the addition of a new unmanned wellhead platform. The project is expected to commission 10 development wells, according to the statement.

CNOOC holds 100% interest in this project and is the operator, it added.
 

TankTerminals.com is a market research platform with not only manager-level contact details but also logistical, operational, infrastructural and shipping data of more than +10,100 tank terminals and +6,200 production facilities worldwide.

 

Access data. Decide better. See how.

Phelan Green Selects Johnson Matthey for e-SAF Plant in South Africa
06.17.2026 - NEWS
June 17, 2026 [Hydrocarbon Engineering]- Phelan Green Hydrogen has announced it has licensed tech... Read More
Audubon Selected by Gulf Coast Midstream Partners for FEED on Nash Energy Storage Hub
06.17.2026 - NEWS
June 17, 2026 [Hydrocarbon Engineering]- Audubon Companies (Audubon) has announced that it has be... Read More
US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
06.17.2026 - NEWS
June 17, 2026 [Oil Price]- The American Petroleum Institute (API) estimated that crude oil invent... Read More
Qatar Prepares LNG Comeback Ahead of Hormuz Reopening
06.17.2026 - NEWS
June 17, 2026 [Oil Price]- Qatar has started to return LNG tankers back to the Middle East in ant... Read More