HONG KONG, June 1 /PRNewswire-Asia/ -- CNOOC Limited (the 'Company' or
'CNOOC Ltd.', NYSE: CEO; SEHK: 0883) announced today the successful start-up
of its independent oil field Qinhuangdao (QHD) 33-1. Currently, it is
producing approximately 2000 barrels of oil per day via two wells.
(Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg )
QHD33-1 is located in the central to western Bohai Bay with a water depth
of about 21 meters.
The development and production of QHD33-1 mainly rely on the facilities of
the adjacent producing field QHD 32-6. The oil produced will be transferred to
QHD32-6 via subsea pipeline for processing, storage and transportation.
Mr. Yuan Guangyu, Executive Vice President of the Company said: 'The
successful startup of QHD33-1 underlines our technical and management
capability in developing small sized marginal oil fields.'
CNOOC Ltd holds 100% interest of QHD 33-1 and acts as the operator.
Notes to Editors:
More information about the Company is available at
http://www.cnoocltd.com .
This press release includes 'forward-looking statements' within the
meaning of the United States Private Securities Litigation Reform Act of 1995,
including statements regarding expected future events, business prospectus or
financial results. The words 'believe', 'intend', 'expect', 'anticipate',
'project', 'estimate', 'plan', 'predict' and similar expressions are intended
to identify such forward-looking statements. These statements are based on
assumptions and analyses made by us that we believe are reasonable under the
circumstances. However, whether actual results and developments will meet our
expectations and predictions depend on a number of risks and uncertainties
which could cause our actual results, performance and financial condition to
differ materially from our expectations. For a description of these and other
risks and uncertainties, please see the documents we file from time to time
with the United States Securities and Exchange Commission, including our 2008
Annual Report on Form 20-F filed on May 8, 2009.
For further enquiries, please contact:
Mr. Xiao Zongwei
Joint Company Secretary and General Manager of
Investor Relations Department
CNOOC Limited
Tel: +86-10-8452-1646
Fax: +86-10-8452-1441
Email: xiaozw@cnooc.com.cn
Ms. Sharon Fung
Ketchum Newscan Public Relations Ltd
Tel: +852-3141-8082
Fax: +852-2510-8199
Email: Sharon.fung@knprhk.com
SOURCE CNOOC Limited
