HONG
KONG, March 18, 2024 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that the Company has
made a major oilfield discovery of Qinhuangdao 27-3 in Bohai Sea,
which adds over a hundred million tons of oil equivalent proved
in-place volume.
Qinhuangdao 27-3 Oilfield is located in the north-central waters
of the Bohai Sea, with an average water depth of approximately 25
meters. The main oil-bearing play is the Minghuazhen Formation of
Neogene, and the oil property is medium-heavy crude. The discovery
well QHD27-3-3 was drilled and completed at a depth of 1,570
meters, which encountered a total of 48.9 meters oil pay zones. The
field has been tested to produce approximately 742 barrels of crude
oil per day from a single well. Through continued exploration, the
proved in-place volume of Qinhuangdao 27-3 Oilfield has
reached 104 million tons of oil equivalent.
Mr. Xu Changgui, Deputy Chief Exploration Officer of the
Company, said, "Qinhuangdao 27-3 Oilfield is another major
discovery with proved-in place volume over 100 million tons that we
made in the north-central Bohai Sea in a decade. The successful
discovery of the oilfield further demonstrates the oil and gas
exploration potential in the complicated strike-slip fault zones of
the Bohai Sea."
Mr. Zhou Xinhuai, CEO and President of the Company, said, "Over
the years, we have been continuing to make new discoveries in the
Bohai Sea, which further expand the resource base for offshore oil
production growth. CNOOC Limited will focus on increasing reserves
and production, to enhance our energy supply capacity, thereby
contributing to the sustainable development of the economy and
society."
— 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 macro-political
and economic factors, fluctuations in crude oil and natural gas
prices, the highly competitive nature of the oil and natural gas
industry, climate change and environmental policies, the Company's
price forecast, mergers, acquisitions and divestments activities,
HSSE and insurance policies and changes in anti-corruption,
anti-fraud, anti-money laundering and corporate
governance laws and regulations.
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