HONG
KONG, Nov. 13, 2023 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that Bozhong 19-6 Condensate
Gas Field Phase I Development Project has commenced production.
The project is located in central Bohai Sea, with an average
water depth of approximately 20 meters. The main production
facilities include 1 newly built central processing platform, 3
unmanned wellhead platforms and 1 gas process terminal. 65
development wells are planned to be commissioned, including 42
production wells, 20 gas injection wells and 3 water source wells.
It is expected to achieve a peak production of approximately 37,000
barrels of oil equivalent per day in 2024.
Mr. Zhou Xinhuai, CEO and President of the Company, said, "The
project is the first condensate gas field with a proved in-place
volume of over 200 billion cubic meters natural gas that has been
put into operation in Bohai Bay, relying on the Bozhong-Kenli
Oilfields Onshore Power Project. The gas field will supply stable
clean energy to the Beijing-Tianjin-Hebei
region and the Bohai Rim region, and contribute to the low-carbon
and high-quality development of the Company."
CNOOC Limited holds 100% interest in this project and acts as
the operator.
— End —
Notes to Editors:
More information about the Company is available at
http://www.cnoocltd.com.
*** *** *** ***
This press release includes forward looking information,
including statements regarding the likely future developments in
the business of the Company and its subsidiaries, such as expected
future events, business prospects 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 as of this date in
light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as
other factors that the Company currently believes are appropriate
under the circumstances. However, whether actual results and
developments will meet the current expectations and predictions of
the Company is uncertain. Actual results, performance and financial
condition may differ materially from the Company's expectations,
including but not limited to those associated with fluctuations in
crude oil and natural gas prices, macro-political and economic
factors, changes in the tax and fiscal regimes of the host
countries in which we operate, the highly competitive nature of the
oil and natural gas industry, environmental responsibility and
compliance requirements, the Company's price forecast, the
exploration and development activities, mergers, acquisitions and
divestments activities, HSSE and insurance policies and changes in
anti-corruption, anti-fraud, anti-money laundering and
corporate governance laws.
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 realised or, even if substantially realised, that they will
have the expected effect on the Company, its business or
operations.
*** *** *** ***
For further enquiries, please contact:
Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
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SOURCE CNOOC Limited