HONG
KONG, June 30, 2024 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that the first green design
oilfield in offshore China - Wushi
23-5 Oilfields Development Project has commenced production.
The project is located in the Beibu Gulf of the South China Sea,
with an average water depth of approximately 28 meters. The main
production facilities include 2 new wellhead platforms, and the
renovated Wushi terminal. 43 development wells are planned to be
brought on-stream, including 28 oil wells and 15 water-injection
wells. The project is expected to achieve a peak production of
approximately 18,100 barrels of oil equivalent per day in 2026, and
the oil property is light crude.
In developing the first full-scale green design oilfield in
offshore China, the Company
pursued efficient and low-carbon development throughout the whole
process of design, construction and production. It is the first
oilfield in the South China Sea supplied with power from shore. The
project will realize full-process recovery and utilization of the
associated gas through integrated natural gas treatment. The
commissioning of the project will further promote the green
and low-carbon development of CNOOC Limited.
CNOOC Limited holds 100% interest in this project and acts as
the operator.
— 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