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With the lifting of restrictions on the “Pearl of Petroleum,” opportunities for these technologies and equipment have arrived!
Venezuela has 90% of its proven oil reserves in the form of extra-heavy crude, which signifies major market opportunities for thermal recovery technologies and equipment, drilling and completion technologies and equipment suitable for heavy oil, as well as heavy oil upgrading technologies and eq...Read more -
Wood Awarded $65 Million Contract Extension on Australian Gas Project
Wood has secured a two-year contract extension with Woodside, valued at up to $65 million. The contract entails the continued provision of brownfield engineering, procurement, and construction management (EPCM) services for offshore assets at the North West Shelf (NWS) Project in Western Austral...Read more -
Akrak Petroleum Company Plans to Start Production at Offshore Oilfield in Benin by the End of This Month
Akra Petroleum, a subsidiary of Singapore’s Rex International Holding, announced plans to commence oil production from the Seme oilfield offshore Benin by the end of January 2026. The company had initially scheduled production to begin in the fourth quarter of 2025 but encountered delays du...Read more -
Bohai Oilfield Fracturing Record Broken Again
Recently, it has been reported from the Bohai Oilfield that Well A32 in the Bozhong 34-9 oilfield has implemented re-fracturing technology for existing wells for the first time, achieving significantly enhanced oil production. This single-well, single-layer fracturing operation has set a new frac...Read more -
CNOOC Participates in the Successful Launch of Brazil’s Búzios VI Deepwater Oil Field Project
On January 3, the Búzios VI project in Brazil, in which China National Offshore Oil Corporation (CNOOC) holds an interest and participates as a partner, has successfully commenced production. Located in the Santos Basin off the southeastern coast of Brazil, the project operates at a water depth o...Read more -
The “Deep Sea One,” China’s largest offshore gas field, exceeded an annual oil and gas equivalent output of 4.5 million metric tons in 2025!
The “Deep Sea No.1″ ultra-deepwater gas field is China’s independently developed offshore gas field with the greatest operational water depth, highest formation temperature and pressure, most challenging exploration and development conditions, and largest natural gas production capac...Read more -
China’s First Oilfield with Annual Carbon Injection of One Million Tons Emerges in Xinjiang！
Located in the Junggar Basin, the Xinjiang Oilfield is the first large oilfield discovered in New China. CCUS involves capturing and purifying carbon dioxide emitted during industrial processes, followed by reinjecting it into new production cycles for reuse and storage. According to estimates b...Read more -
China’s largest ultra-deep condensate gas field exceeds 10 billion cubic meters in annual gas output！
China’s largest ultra-deep condensate gas field—the Bozi-Dabei gas field operated by PetroChina’s Tarim Oilfield—has exceeded an annual natural gas output of 10 billion cubic meters, while also producing 918,900 metric tons of condensate oil. The Bozi-Dabei Gas Field is located at th...Read more -
Peak Daily Output Exceeds 2,300 Tons: Xijiang Oilfields Block 24 Development Project Comes On Stream
On December 22, the Eastern South China Sea Oilfield announced that the Xijiang Oilfields Block 24 development project has commenced production. The newly constructed Xijiang 24-7 platform is China’s first offshore unmanned platform designed for the high-temperature cooling and transportati...Read more -
China’s Offshore Multi-layer Heavy Oil Thermal Recovery Field Hits New Daily Production Record！
On December 15, the first round of heat injection was completed at the CEPA platform of Jinzhou 23-2 Oilfield, China's first offshore multi-layer heavy oil thermal recovery field. This marks that the progress of the first round of heat injection for the production wells ...Read more -
China Discovers Its Seventh 100-Million-Ton Oilfield in Bohai Sea！
The Qinhuangdao 29-6 oilfield is located in the central waters of the Bohai Sea, approximately 44 kilometers west of Jingtang Port. It represents another 100-million-ton lithologic oilfield discovered in the region in recent years, following the major discovery of the Qinhuangdao 27-3 oilfield. ...Read more -
China’s first deepwater oil field redevelopment project has been fully commissioned, and our company’s hydrocyclones have been deployed in it！
On December 14, China National Offshore Oil Corporation (CNOOC) announced the full production commencement of China’s first deepwater oilfield secondary development project—the Liuhua 11-1/4-1 Oilfield Secondary Development Project. Since the first development well began operation, the oilf...Read more
