CNOOC
Ltd’s Huizhou Oilfields Restarted Production in Full Scale
(Hong Kong, April 21, 2010) - CNOOC Limited (the “Company" or “CNOOC Ltd.”, NYSE: CEO, SEHK: 0883) today announced that Huizhou oilfields, which
suspended production after being hit by Typhoon Koppu in September 2009, have
restarted production in full scale.
Currently the
operations of Huizhou oilfields are running smoothly, with daily production of
45,000 barrels of oil and over 40 million cubic feet of natural
gas.
Huizhou oilfields
halted production after part of their production facilities were damaged from
the strike of typhoon Koppu in September 2009 (relevant news please refer
to
http://www.cnoocltd.com/encnoocltd/newszx/news/2009/1280.shtml).
After typhoon, the
Company worked closely with its partners on the recovery plan for the oilfields
in a timely manner. Thanks to the efforts, Huizhou 21-1 gas field restarted its
production shortly after being hit, while other fields such as Huizhou 26-1
resumed production early this year.
Mr. Yang Hua,
President of the Company commented, “Huizhou oilfields are one of our important
assets in the Eastern South China Sea. The rapid recovery of these oil fields
will provide strong support for achieving the Company’s production target in
2010. Meanwhile, the success is an evidence of the outstanding capability of the
company together with its partners to overcome difficulties and
challenges.”
Huizhou oilfields
are located in the Pearl River Mouth Basin and about 120 miles southeast of Hong
Kong. The water depth of the fields averages 115 meters. Huizhou oilfields
consist of 8 platforms, including Huizhou 26-1, Huizhou 19-2 and so
on.
Huizhou oilfields
are operated by CACT Operators Group, which consists of CNOOC Ltd, Eni and
Chevron.
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
“believe”, “intend”, “expect”, “anticipate”, “project”, “estimate”, “plan”,
“predict” and similar expressions are intended to identify such forward-looking
statements. These statements are based on assumptions and analyses made by us
that we believe are reasonable under the circumstances. However, whether actual
results and developments will meet our expectations and predictions depend on a
number of risks and uncertainties which could cause our actual results,
performance and financial condition to differ materially from our expectations.
For a description of these and other risks and uncertainties, please see the
documents we file from time to time with the United States Securities and
Exchange Commission, including our 2008 Annual Report on Form 20-F filed on May
8, 2009.
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For further
enquiries, please contact:
Mr. Jiang
Yongzhi
Joint Company
Secretary and General Manager of Investor Relations Department
CNOOC
Limited
Tel:
+86-10-8452-1731
Fax:
+86-10-8452-1441
E-mail: jiangyzh2@cnooc.com.cn
Ms. Sharon
Fung
Ketchum Newscan
Public Relations Ltd
Tel: +852-3141-8082
Fax:
+852-2510-8199