Sinogeo Energy Technology Co., Ltd. (hereinafter referred to as "Sinogeo" or "the Company")'s wholly-owned overseas subsidiary, Smart Oil Investment Ltd. (hereinafter referred to as "Smart Oil"), in cooperation with China National Offshore Oil Corporation ("CNOOC") and Roc Oil (Bohai) Company, has officially commenced production at the Wuzhou 10-3 Oilfield West Block development project.
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🚨 Material Event
Announcement on the Commencement of Production for the Wuzhou 10-3 Oilfield West Block Development Project
✨ AI Summary
Smart Oil Investment Ltd., a wholly-owned subsidiary of Sinogeo, has commenced production at the Wuzhou 10-3 Oilfield West Block project. The project is expected to reach a peak production of 10,000 barrels per day in Q4 2024. This marks the company's second offshore development project, enhancing its offshore exploration and development experience.
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