HONG KONG, October 24, 2014 /PRNewswire/ --
CNOOC Limited (the "Company", NYSE:
CEO, SEHK: 00883, TSX: CNU) announced that the Company made a
mid-to-large new discovery Jinzhou 23-2 in Bohai.
Jinzhou 23-2 structure is located in the north part of Liaodong
Uplift of Bohai with an average water depth of about 10 meters. The
well Jinzhou 23-2-3 is drilled and completed at a depth of 1,097
meters and encountered oil and gas pay zones with a total thickness
of 68.4 meters. The oil production of the well was tested around
260 barrels per day.
The exploration success of Jinzhou 23-2 not only demonstrated
the structure belt has excellent reservoir quality, but also proved
the good exploration prospects in the north part of Liaodong
Uplift.
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 17
April 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 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. 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