Men walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsChina's CNOOC (0883.HK), has begun production at the first phase of its Bozhong 19-6 gas condensate field, according to a statement released by the company on Tuesday.
The project, located in the central Bohai sea off the coast of eastern China, is expected to achieve peak production of approximately 37,000 barrels of oil equivalent per day in 2024, according to the statement.
The project is one of nine projects the Chinese state-owned energy major previously said it expected to launch this year.
