Caofeidian 6-4 oilfield : CNOOC begins production from offshore Chinese field

Caofeidian 6-4 oilfield : CNOOC begins production from offshore Chinese field

Chinese national oil company CNOOC has started production from its fully-owned Caofeidian 6-4 oilfield in the Bohai Sea in China. The Caofeidian 6-4 oilfield is located in the midwest of the Chinese sea, with average water depth of around 20 meters. Apart from completely using the existing processing facilities of Nanpu 35-2 oilfield and Qinhuangdao […]

Payara oil project : ExxonMobil, Hess move ahead with $9bn project in Guyanese waters

Payara oil project : ExxonMobil, Hess move ahead with $9bn project in Guyanese waters

ExxonMobil and Hess have sanctioned the $9 billion Payara oil project in the Stabroek Block in Guyanese waters having secured government approval. The final investment decision (FID) taken on the Payara development project paves the way for the Payara discovery brought into production by taking up drilling of 20 production wells and 21 injection wells […]

ExxonMobil and partners report Redtail oil discovery in Stabroek Block

ExxonMobil and partners report Redtail oil discovery in Stabroek Block

Redtail oil discovery : ExxonMobil and its partners have pulled off their 18th discovery in the Stabroek Block in Guyanese water following the drilling of the Redtail-1 well. The latest oil discovery in Guyana adds to the previously announced estimated recoverable resource of over eight billion oil-equivalent barrels in the Stabroek Block. According to ExxonMobil, […]