HONG
KONG, Oct. 19, 2023 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces that the first LNG cargo
from the newly-built liquefaction train (Train 3) of the Tangguh
LNG project in Indonesia has been
delivered, marking the safe commencement of the Train 3 of Tangguh
LNG project.
Tangguh LNG project is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields
under 3 PSCs. The existing two-train facility has commenced
production in 2009 with a plant capacity of 7.6 million tons per
annum (mtpa). Train 3 brings the total plant capacity to 11.4 mtpa,
which further consolidates the position of Tangguh LNG project as
the largest gas field and the largest LNG production hub in
Indonesia. Production facilities
that have commenced production during the same time included 2 new
wellhead platforms, 10 production wells and supporting
infrastructure.
CNOOC Muturi Limited, a wholly-owned subsidiary of the
Company, holds a 13.90% interest in Tangguh project. BP Berau Ltd.,
the operator, and affiliates in Indonesia hold 40.22%. Other PSC partners are:
MI Berau B.V. (16.30%), Nippon Oil Exploration (Berau), Limited
(12.23%), KG Berau Petroleum Ltd and KG Wiriagar Petroleum Ltd
(10.00%), Indonesia Natural Gas Resources Muturi Inc.
(7.35%).
— 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 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.
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