CNOOC
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Baodao 21-1 is the first deepwater, deep-stratum large gas field in the South China Sea. -
The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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Development duo is expected to add more than 12,000 B/D of oil production at peak.
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The South China Sea test could lead to a multibillion-barrel find.
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At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
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The Lake Albert project includes the development of oil fields, processing facilities, and an electrically heated pipeline network.
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Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023.
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At peak, combined fields should produce more than 12,600 B/D of oil.
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Eastern Canada offshore heats up with Flemish Pass drilling plans
