HONG
KONG, Feb. 5, 2024 /PRNewswire/ -- CNOOC Limited
(the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter),
SSE: 600938) announces today that Suizhong 36-1/Luda 5-2 Oilfield
Secondary Adjustment and Development Project has commenced
production.
The project is located in Liaodong Bay of Bohai Sea, with an
average water depth of approximately 30 meters. The main production
facilities include 2 new central processing platforms and 2 new
wellhead platforms. 118 development wells are planned, including 81
production wells and 37 water-injection wells. The project is
expected to achieve a peak production of approximately 30,300
barrels of crude oil per day in 2025.
It is the largest secondary development and adjustment project
in offshore China. Guided by the
concept of region-wide development, the project has set a good
example for the sustainable development of offshore producing oil
and gas fields. Besides, it is developed relying on onshore power
supply, which enables the project to consume green electricity
generated onshore, thus steadily promoting the green and low-carbon
development of offshore oil and gas resources.
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 macro-political
and economic factors, fluctuations in crude oil and natural gas
prices, the highly competitive nature of the oil and natural gas
industry, climate change and environmental policies, the Company's
price forecast, mergers, acquisitions and divestments activities,
HSSE and insurance policies and changes in anti-corruption,
anti-fraud, anti-money laundering and corporate
governance laws and regulations.
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