HONG KONG, Sept. 30, 2021
/CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX:
CNU) announced today that the Company made a large-sized discovery
of Kenli 10-2 in Bohai.
The Kenli 10-2 oilfield is located in Laizhou Bay Sag in
Southern Bohai Bay, with an average water depth of about 15.7
meters. The main oil-bearing formation of Kenli 10-2 oilfield is in
the lower member of Neogene Minghuazhen Formation and the oil
properties are conventional heavy oil. The discovery well Kenli
10-2-4 was drilled and completed at a depth of 1,520 meters, and
encountered oil pay zones with a total thickness of approximately
27 meters. The appraisal well was tested to produce approximately
569 barrels of oil per day.
Mr. Xu Changgui, General Manager of Exploration Department of
the Company said, "The successful discovery of the Kenli 10-2 oil
field marked the breakthrough in discovery of lithological oilfield
with reserve of 100 million tons in the shallow depression zone of
the Bohai oilfields, demonstrated the broad prospects for
exploration of lithological structures in the Bohai, and has great
significance as a guide for exploration in similar basins."
Mr. Wang Dongjin, Chairman of the Company said, "CNOOC Limited
will firmly grasp the leading role of oil and gas exploration, take
the discovery of large and medium-sized oil and gas fields as the
goal, continue to deepen geological understanding and technological
innovation, actively promote the increase of oil and gas reserves
and production, and contribute to the Company's high-quality
development."
-End-
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 that 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 the Company and its controlling shareholder being
listed in the list of the U.S. for sanction against companies with
alleged ties to the Chinese military, 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. 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.
*** *** *** ***
For further enquiries, please contact:
Ms. Jing Liu
Manager, Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-3404
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
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