HONG KONG, Dec. 7, 2017
/CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX:
CNU) announced that the Company has recently made a mid-sized
natural gas field discovery Bozhong 19-6 in Bohai.
Bozhong 19-6 trap is located in the southwest sag of Bozhong
south central Bohai, with an average water depth of about 22
meters.
The discovery well Bozhong 19-6-1 is drilled and completed at a
depth of 4,181 meters and encountered oil pay zones with a total
thickness of approximately 25 meters and gas reservoir with a total
thickness of about 348 meters. The evaluation well was tested to
produce about 1,000 barrels of oil and 6.4 million cubic feet of
natural gas per day.
Mr. Xie Yuhong, Executive Vice President of the Company and
General Manager of Exploration Department commented, "The natural
gas field discovery of Bozhong 19-6 demonstrates the good prospects
of buried hills for future gas exploration of Bohai Bay and lays a
solid foundation for Company's quality clean energy supply for
Beijing-Tianjin-Hebei
region".
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Notes to Editors:
More information about the
Company is available at
http://www.cnoocltd.com.
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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 but not limited to 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
their 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 Annual Report on Form 20-F filed in April
of the latest fiscal year.
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.
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For further enquiries, please contact:
Mr. Yan Cao
Deputy General Manager, Investor Relations Department
CNOOC Limited
Tel: +86-10-8452-1417
Fax:+86-10-8452-1441
E-mail: caoyan@cnooc.com.cn
Ms. Iris Wong
Hill+Knowlton Strategies Asia
Tel: +852-2894 6263
Fax:+852-2576 1990
E-mail: cnooc@hkstrategies.com
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SOURCE CNOOC Limited