HONG KONG, March 9, 2015 /PRNewswire/ -- CNOOC Limited (the
"Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that
its Qinhuangdao 32-6 comprehensive adjustment project has commenced
production.
The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an
average water depth of approximately 20 meters. The main production
facilities of Qinhuangdao 32-6 comprehensive adjustment project
include 4 platforms and 99 producing wells. This project is fully
on-stream and expected to reach its
ODP designed peak production of approximately 36 thousand barrels
per day in 2015.
CNOOC Limited has 75.5% working interest in Qinhuangdao 32-6
comprehensive adjustment project and acts as the operator, while
its partner, Chevron China Energy Company holds the remaining 24.5%
working interest.
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
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify such
forward-looking statements. These statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, as well as other
factors the Company believes are appropriate under the
circumstances. However, whether actual results and developments
will meet the expectations and predictions of the Company depends
on a number of risks and uncertainties which could cause the actual
results, performance and financial condition to differ materially
from the Company's expectations, including those associated with
fluctuations in crude oil and natural gas prices, the exploration
or development activities, the capital expenditure requirements,
the business strategy, whether the transactions entered into by the
Group can complete on schedule pursuant to its terms and timetable
or at all, the highly competitive nature of the oil and natural gas
industries, the foreign operations, environmental liabilities and
compliance requirements, and economic and political conditions in
the People's Republic of China.
For a description of these and other risks and uncertainties,
please see the documents the Company files from time to time with
the United States Securities and Exchange Commission, including the
2013 Annual Report on Form 20-F filed on April 17, 2014.
Consequently, all of the forward-looking statements made in this
press release are qualified by these cautionary statements. The
Company cannot assure that the results or developments anticipated
will be realized or, even if substantially realized, that they will
have the expected effect on the Company, its business or
operations.
For further enquiries, please contact:
Ms. Michelle Zhang
Deputy Manager, Media / Public Relations
CNOOC Limited
Tel: +86-10-8452-6642
Fax: +86-10-8452-1441
E-mail: MR@cnooc.com.cn
Ms. Cathy Zhang
Hill+Knowlton Strategies Asia
Tel: +852-2894-6211
Fax: +852-2576-1990
E-mail: cathy.zhang@hkstrategies.com
Logo - http://www.prnasia.com/sa/200701301659.jpg
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/qinhuangdao-32-6-comprehensive-adjustment-project-commences-production-300047217.html
SOURCE CNOOC Limited