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CNOOC achieved new breakthroughs in exploration in 2022, and net production set a new record

Release time:2024-08-26click:2
In 2022, CNOOC continued to increase its efforts in oil and gas exploration and development. A total of 18 new discoveries were made throughout the year, 28 oil and gas structures were successfully evaluated, new breakthroughs were made in new areas, new fields, and new types of exploration, and further exploration of reserves increased. Upper production succession area. The company's net proven reserves increased to 6.24 billion barrels of oil equivalent, with a reserve replacement rate of 182% and a stable reserve life of 10 years.
CNOOC has efficiently promoted the construction of major projects and maintained rapid growth in oil and gas production. In 2022, a total of 9 new projects will be successfully put into production, and more than 40 production capacity projects are under construction. Bohai Oilfield is firmly ranked as China's largest crude oil production base, the quality of overseas business development has been significantly improved, and onshore unconventional natural gas production has increased significantly. Net oil and gas production for the year increased to 623.8 million barrels of oil equivalent, setting a new record for the company's net production.
CNOOC deepens cost reduction, improves quality and efficiency, and maintains leading profitability. The main cost of a barrel of oil is US$30.39, continuing to consolidate its cost competitive advantage. The total revenue for the year was RMB 422.2 billion, a year-on-year increase of 71.6%, and the net profit was RMB 141.7 billion, a year-on-year increase of 101.5%.
In 2022, CNOOC will focus on improving its independent innovation capabilities, effectively using scientific and technological achievements to empower oil and gas resource development, and further promoting digital and intelligent transformation. The Enping 15-1 oil field group has put into use China's most intelligent offshore unmanned platform, Asia's first deepwater jacket platform "Haiji No. 1" has been completed and put into operation, offshore super-heavy oil thermal recovery development, and underwater oil and gas production systems Important breakthroughs have been made in independent research and development applications, onshore deep coal bed methane well fracturing, offshore shale oil drilling, etc., and scientific research services and production are precise and powerful.
At the same time, the company firmly practices green and low-carbon development and vigorously promotes green production in oil and gas fields. The Bozhong-Kenli Oilfield Group shore power application project is fully put into operation, and the Bohai Oilfield has achieved "green" for the first time. "Electricity into the Sea", China's first offshore carbon storage demonstration project was completed. It has also steadily promoted the development of offshore wind power business. The Hainan CZ7 offshore wind power demonstration project has been approved. The main project of the first deep-sea floating wind power platform "CNOOC Guanlan" has been completed. The new energy business layout has been implemented in an orderly manner.
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