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.
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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
