CNOOC's Bozhong 19-4 project begins production
The project, located in the south of the Bohai Sea, is expected to reach its peak production of approximately 11 000 bpd of crude oil in 2022.
Drilling & production - 24 September 2021
China’s inaugural SPR auction unlikely to impact global crude oil markets, according to Wood Mackenzie
The released batch of crude oil was mostly bought and stored in the period from April to May 2020, coinciding with the oil price crash last year. Hence, a relatively low transaction price is expected.
Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum Corp. and Cairn Energy
The sale is for a base consideration of US$646 million and additional payments of up to US$280 million between 2021 and 2024.