Published by Todd Bush on June 1, 2023
HONG KONG, May 31, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announces the official commissioning of China's first offshore CCS demonstration project.
The CCS project is an auxiliary part of the Enping 15-1 oilfields development. Enping 15-1 oilfield is located in the Pearl River Mouth Basin, about 190 kilometers southwest of Hong Kong, with an average water depth of approximately 80 meters and has a high carbon dioxide content.
>> In Other News: Bloomberg Introduces New Bloomberg Commodity Carbon Tilted Index
The CCS module can capture and process the CO2 produced from the oilfield and inject the CO2 into the saline water layer at a depth of around 800 meters under the seabed to realize zero emission of carbon dioxide. The successful commissioning of the project demonstrates that CNOOC Limited has a complete set of technology and equipment system for the capturing, processing, injection, sequestration and monitoring of carbon dioxide at offshore oil and gas fields, which fills the gap in China's offshore carbon dioxide storage technology. The project can store over 1.5 million tons of carbon dioxide, equivalent to planting nearly 14 million trees.
Mr. Zhou Xinhuai, CEO of the Company, said, "The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the Company's efforts in increasing reserves and production and pursuing green and low-carbon development. CNOOC Limited will continue to gear up its R&D activities, to promote the green development of offshore oilfields, and explore 'offshore storage of onshore carbon' to provide a new solution of carbon reduction for the high-emitting enterprises in the coastal areas."
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
SOURCE CNOOC Limited
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ Google's Power Play: First CCS Deal Reshapes Energy 🌎 True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Cap...
Inside This Issue 💰 The $27/ton Question: What Makes a Carbon Removal Credit Worth 3x More? 🛢️ EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas 🌍 UN Endorses First Articl...
Inside This Issue 🪣 Shovels Hit the Ground on California’s First Carbon Storage Hub 🤝 CHARBONE Announces a Strategic Alliance with a Leading U.S. Industrial Gas Producer 📜 Gold Standard Approves M...
LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), a leader in carbon transformation technology, today announced that the investors in its affiliate LanzaJet, Inc. have entered i...
True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Capture in Innisfail, Alberta Innisfail, Alberta -- (Newsfile Corp. - October...
MAX Power Receives Drilling License for Canada’s First Dedicated Natural Hydrogen Well
Lawson Drilling Set to Begin in Early November as MAX Power Advances Canada’s First Natural Hydrogen Well October 24, 2025 08:00 ET | Source: MAX Power Mining Corp MAX Power Saskatchewan Natural ...
Google's Power Play: First CCS Deal Reshapes Energy
Google just made a move that could reshape how the tech industry powers its future. The company signed the first-ever corporate power purchase agreement for a natural gas plant with carbon capture ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.