CNOOC starts production at Weizhou 11-4 project in South China Sea

Group 1 - CNOOC has commenced production at the Weizhou 11-4 oilfield adjustment and satellite fields project in the Beibu Gulf Basin, South China Sea, utilizing existing facilities and a newly built unmanned wellhead platform [1][2] - The project plans to develop 35 wells, including 28 production wells and seven water injection wells, aiming for a plateau production of approximately 16,900 barrels of oil equivalent per day (boepd) by 2026 [2][3] - CNOOC holds a 100% interest in the Weizhou 11-4 project and is the operator, which is part of a coordinated development plan involving three offshore processing centers and one onshore terminal [3] Group 2 - In addition to the Weizhou 11-4 project, CNOOC has signed production sharing contracts with SKK Migas for exploration blocks in Indonesia, specifically the Gaea and Gaea II blocks [3][4] - CNOOC has also initiated production at the Wenchang 16-2 oilfield development project, targeting peak production of approximately 11,200 boepd by 2027 [4]