HONG
KONG, July 11, 2024 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that the Bozhong 19-6
Condensate Gas Field D1 Well, the first ultra-deep well in Bohai
Bay, achieved high yield.
Bozhong 19-6 Condensate Gas Field is located in central Bohai
Bay, with an average water depth of about 20 meters. It contains
proven oil and gas in place of more than 200 billion cubic
meters of natural gas and more than 200 million cubic meters of
oil. It is the first gas field of such a size in the deep buried
hill play offshore China. The
Company adopts an "overall planning, phased implementation and
pilot first" strategy to develop this field. In 2020, 2023 and
2024, the Company has gradually brought on-stream Bozhong 19-6
Condensate Gas Field Pilot Area Development Project, Phase I
Development Project and 13-2 Block 5 Well Site Development Project.
The gas field is currently producing approximately 37,500 barrels
of oil equivalent per day.
The Bozhong 19-6 Condensate Gas Field D1 Well was drilled to a
depth of 6,088 meters. It is the first ultra-deep well of the
Company in Bohai Bay, which is producing approximately 6,300
barrels of oil equivalent per day.
Mr. Sun Fujie, Vice President of
the Company, said, "The high yield well further confirms the
promising potential of offshore deep buried hill plays. The
exploration and development of oil and gas resources in the deep
plays is expected to accelerate. With the new production, the
Company is continuously bolstering its ability to supply clean
energy to the Bohai Economic Rim".
— 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/the-first-ultra-deep-well-in-bohai-bay-outperforms-target-302194670.html
SOURCE CNOOC Limited