HONG
KONG, July 23, 2024 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that it has achieved a high
yield well in Beibu Gulf, which produces daily over 1,000 cubic
meters of oil equivalent.
Wushi 16-5 structure is located in Wushi Sag, Beibu Gulf, with
an average water depth of approximately 25 meters. The appraisal
well WS16-5-4 was drilled and completed at a depth of 4,185 meters,
encountering a total of 65 meters oil pay zones. The well was
tested to produce over 1,000 cubic meters of oil equivalent per
day, the first well of such productivity in Wushi Sag. The
discovery is expected to become a medium-sized oilfield. By far,
the total proved oil in-place of Wushi oilfields has exceeded 100
million cubic meters.
Mr. Xu Changgui, Chief Geologist of the Company, said, "CNOOC
Limited has been pushing forward the rolling exploration in the
surrounding area of Wushi oilfields for years with leading
technologies. The successful well proves the promising exploration
potential in the mature area of Wushi Sag, which will guide our
rolling exploration activities in offshore China."
— 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