HONG
KONG, July 15, 2024 /PRNewswire/ -- CNOOC
Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB
Counter), SSE: 600938) announces today that it has achieved a major
exploration breakthrough in Mesozoic buried hill offshore Bohai
Bay.
Longkou 7-1 oilfield is located in eastern Bohai Bay, with an
average water depth of about 26 meters. The discovery well LK7-1-1
was drilled and completed at a depth of approximately 4,400 meters,
which encountered a total of 76 meters oil and gas pay zones. The
well was tested to produce about 210 cubic meters of crude oil and
nearly one million cubic meters of natural gas, a new record for
gas tested productivity in Bohai Bay.
Mr. Xu Changgui, Deputy Chief Exploration Officer of the
Company, said, "In recent years, we have continued to make new
discoveries in metamorphic buried hills medium-to-deep plays in
Bohai Bay. The successful well demonstrates the broad exploration
prospect in Mesozoic volcanic rocks in Bohai Bay. It also testifies
the progress in the Company's understanding and technological
capabilities in tapping resources in medium-to-deep plays. The
expertise we gained will guide our exploration in similar plays
offshore China."
Mr. Zhou Xinhuai, CEO and President of the Company, said, "CNOOC
Limited will continue to think out of the box, to deepen our
geological understanding and foster technological innovation. We
will ramp up our efforts in oil and gas exploration and
development, to lay a solid foundation for stable supply of energy
to the society and for the high-quality development of the
Company."
— 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/cnooc-limited-made-major-exploration-breakthrough-in-bohai-bay-302196763.html
SOURCE CNOOC Limited