HONG
KONG, Oct. 7, 2024 /PRNewswire/ -- CNOOC Limited
(the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter),
SSE: 600938) announces today that Bozhong 19-2 Oilfield Development
Project has commenced production.
The project is located in central Bohai Bay, with an average
water depth of about 20 meters. The main production facilities
include a new central processing platform and 4 new unmanned
wellhead platforms. A total of 59 development wells are planned to
be commissioned, including 34 production wells and 25
water-injection wells. The project is expected to achieve a peak
production of approximately 18,800 barrels of crude oil per day in
2025. The oil property is heavy crude.
Smart engineering and standardized construction has remarkably
reduced the project's construction cycle. It has strongly promoted
the efficient development of offshore oil and gas resources and
laid a solid foundation for the production growth in the Bohai
oilfields, the largest crude oil production base in China.
CNOOC Limited holds 100% interest in this project and is 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cnooc-limited-brings-on-stream-bozhong-19-2-oilfield-development-project-302268407.html
SOURCE CNOOC Limited