HONG KONG, Dec. 30, 2021 /CNW/ -- CNOOC Limited (the
"Company", SEHK: 00883, TSX: CNU) announced today that Caofeidian
11-6 oilfield expansion project and Kenli 16-1 oilfield have
commenced production.
Caofeidian 11-6 oilfield expansion project is located in the
west of Bohai Sea, with average water depth of about 23 meters. In
addition to fully utilizing the existing processing facilities of
Caofeidian 11-6 oilfield, the project has built a new unmanned
wellhead platform. A total of 9 development wells are planned,
including 7 production wells and 2 water injection wells. The
project is expected to reach its peak production of approximately
4,600 barrels of crude oil per day in 2022.
Kenli 16-1 oilfield is located in the south of Bohai Sea, with
average water depth of about 15 meters. In addition to fully
utilizing the existing processing facilities of Kenli 10-1
oilfield, the project has built a new wellhead platform. A total of
23 development wells are planned, including 16 production
wells and 7 water injection wells. The oilfield is expected to
reach its peak production of approximately 7,500 barrels of crude
oil per day in 2022.
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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 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.
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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
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
SOURCE CNOOC Limited