HONG
KONG, May 23, 2024 /PRNewswire/ -- CNOOC Limited
(the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter),
SSE: 600938) announces its wholly owned subsidiaries have entered
into petroleum exploration and production concession contracts
(EPCCs) with the Ministry of Mineral Resources and Energy of
Mozambique (MIREME) and Empresa
Nacional de Hidrocarbonetos (ENH) for 5 offshore blocks in
Mozambique.
The contracts were signed for a total of 5 blocks, S6-A, S6-B,
A6-D, A6-E and A6-G, all located offshore Mozambique. The total area is approximately
29,000 square kilometers, with water depths from 500 to 2,500
meters.
According to the terms of the contracts, the first stage of the
exploration period of the blocks shall be 4 years. The 5 wholly
owned subsidiaries of CNOOC Limited shall act as the operators in
the exploration and development phases and independently owns the
operating interests in the 5 blocks (S6-A 70%, S6-B 77.5%, A6-D
77.5%, A6-E 80%, A6-G 79.5%). ENH owns the remaining non-operating
interests (S6-A 30%, S6-B 22.5%, A6-D 22.5%, A6-E 20%, A6-G
20.5%).
— 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