CNOOC Canada Inc. is governed under the Canada Business Corporations Act - 2008-01-01. Offshore staff. Alberta is home to the largest of three deposits in Canada – the Athabasca region – which uses technologically advanced production processes such as Steam Assisted Gravity Drainage (SAGD) technology. The operation is … A number of the Companyâs operation indicators reached a record level since listing, delivering satisfactory results to the shareholders. We will continue to strengthen cost management, hold tight to quality and efficiency enhancement, adopt cost control through the entire life cycle of oil and gas exploration, development and production, and continue to maintain our cost competitive advantages. Nexen Energy, the developer of the project and the Canadian a unit of CNOOC, said in a statement on Thursday that the project partners have made the strategic decision to end the Aurora LNG feasibility study and will cease all investigation activity. in the Canadian LNG industry limelight, Nexans Aurora getting its cable lay equipment. We continued to promote resource integration and strengthen our management capabilities. While achieving outstanding results, we continued to reward our shareholders. China’s CNOOC Ltd and Inpex of Japan have cancelled a liquefied natural gas (LNG) export project planned for Canada’s British Columbia. While focusing on oil and gas exploration and development, CNOOC Limited has always put safety and environmental protection first. Capital expenditure budget implemented well within the years, which fully supported our exploration and development activities. In 2019, all-in cost was US$29.78 per BOE, representing a six-year consecutive decline and we maintained our cost competitiveness; operating cost decreased to US$7.39 per BOE, representing the best performance in recent years. Chinese oil company CNOOC has signed a contract with offshore drilling rig provider Stena Drilling for the use of the Stena Forth drillship in Canada. Canada is home to the world’s third-largest hydrocarbon basin – the oil sands – which equates to 97% of Canada’s oil reserves. The Board of Directors has recommended the payment of a final dividend of HK$0.45 per share (tax inclusive) for 2019. Nexen Energy ULC has submitted an application under the Environmental Protection and Enhancement Act for an amendment to an existing approval for modifications to Central Processing Facilities (CPF) at Kinosis (formerly Long Lake South) Phase 1B Project.
In addition to our current SAGD operations and Long Lake Southwest, CNOOC International is currently working on a future stand-alone SAGD development in the Kinosis area of Long Lake. In 2019, the global economic growth was weak with a significant increase in instability and risks. However, only Woodfibre LNG has been given the green light by its developers. 25 Chao Yang Men Bei Da Jie. In 2020, we will continue to enhance our efforts in exploration and development, strengthen the exploration in new areas and frontiers, consolidate our resources base, supporting future sustainable growth. In 2019, the Company made satisfactory progress in its overseas development. Your email address will not be published. We will closely monitor changes in the external environment and the movement of international oil prices, implement more stringent cost controls and more prudent investment decisions, strengthen cash flow management, overcome the impact of the pandemic and maintain the Companyâs long- term sustainable development. CNOOC acquired Nexen for $15.1 billion back in 2012. Additionally, five new discoveries were made in Stabroek block of Guyana, in which recoverable resources have been accumulated to more than 8.0 billion BOE. Production from Long Lake Southwest requires less steam and natural gas on a per-barrel basis, equating to less energy used overall. Despite market uncertainty, I would like to assure all our shareholders that CNOOC Limited is making every effort to carry out its business thanks to the Chinese governmentâs strong and effective responses in dealing with the pandemic. Please enable Cookies and reload the page. Following the trend of low-carbon development in the global energy industry, CNOOC Limited has stepped up its efforts in the development of clean energy, and actively promoted the development and construction of key natural gas projects. When you are reading this report, the world is combating the COVID-19 pandemic.
Canada, Nexen Petroleum Equatorial Guinea Limited, ROOM 1302, NO. The acquisition of CUCBM will enable us to fully exploit our advantages in oil and gas development technology and management, and integrate the development of offshore and onshore, conventional and unconventional oil and gas development to further expand the Companyâs growth potential. CNOOC International’s Long Lake facility, located in northern Alberta just south of Fort McMurray, began producing in 2008 and is a SAGD-only operation for the interim, with production capacity at around 72,000 boe/d. 25, CHAOYANGMENBEI DAJIE, DONGCHENG DISTRICT, Inactive - Amalgamated intoNEXEN INC.on 2005-01-01, Inactive - Amalgamated intoWESTERN STAR TRUCKS INC. - / CAMIONS WESTERN STAR INC.on 1987-12-31, Inactive - Amalgamated intoNEXEN INC.on 2013-02-24. The project called Aurora LNG planned for Digsby Island in the Prince Rupert region would have had the capacity to export 24 million tonnes of the chilled fuel per year.
c/o Governance Office The annual reserve replacement ratio reached 144%, and the reserve life remained stable at a level above 10 years, which further consolidated the resource foundation for future development. CNOOC will use the 228 meters-long drillship to drill one well in the Flemish Pass, offshore Newfoundland and Labrador. Long Lake facility, located in northern Alberta just south of Fort McMurray, began producing in 2008 and is a SAGD-only operation for the interim, with production capacity at around 72,000 boe/d. Company profile page for CNOOC International Ltd including stock price, company news, press releases, executives, board members, and contact information CNOOC International understands that being a responsible energy producer in oil sands is critical to our global economy as oil plays a key role in the current and future energy mix. The company also has a 7.23% working interest in Syncrude’s oil sands mining and upgrading facility and holds 12.39% of shares in MEG Energy.