CNOOC Starts Stampede Oil Project in Gulf of Mexico

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Chinese offshore oil and gas company CNOOC Ltd said on Tuesday production at its Stampede deepwater oil and gas field in the U.S. Gulf of Mexico has started

The facility is designed for a gross topside processing capacity of about 80.000 barrels of oil per day. 40 million standard cubic feet of natural gas per day. and 100.000 barrels of water injection capacity per day. it said

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator