CNOOC Limited Announces Commencement of Production at Kenli 6-1 10-1 North Block Oilfield Development Project

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HONG KONG, September 12, 2022 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883, SSE: 600938) announced today that the Kenli 6-1 North 10-1 Oilfield Development Project has commenced production.

The development project is located in the southern Bohai Sea, with an average water depth of approximately 19 meters. The main production facilities include 1 production adjective platform and 2 unmanned wellhead platforms. 25 development wells are planned to be put into production, including 16 production wells and 9 water injection wells. The project is expected to reach peak production of approximately 7,100 barrels of crude oil per day in 2023.

The Kenli 10-1 North block is the main component of the Kenli 6-1 oilfield which is the first 100 million ton oilfield discovered in northern Laizhou Bay. During the implementation process, in order to maximize the value of the regional development of the oil field, the project put into practice the concept of intelligentization, unmanned production, the modularization of technical construction, the integration of evaluation and development as well as the sharing of old and new facilities. .

CNOOC Limited holds a 100% interest in the Kenli 6-1 Oilfield North Block 10-1 Development Project and acts as the operator.

Notes to editors:

More information about the company is available at http://www.cnoocltd.com.

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This press release contains forward-looking information, including statements regarding 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”, “target”, “ongoing”, “may”, “will”, “plan”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyzes made by the Company to date in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes currently appropriate in the circumstances. . However, there is no certainty that actual results and developments will meet the Company’s current expectations and forecasts. Actual results, performance and financial condition may differ materially from the Company’s expectations, including, but not limited to, those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in tax and tax regimes of host countries. in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company’s price forecasts, exploration and development activities, merger activities , acquisitions and divestitures, HSSE and insurance policies and changes to anti-bribery, anti-fraud, anti-money laundering and corporate governance policies.

Accordingly, all forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot guarantee that the anticipated results or developments will be realized or, even if substantially realized, that they will have the intended effect on the Company, its business or operations.

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For more information, please contact:

M/s. Ariel Wang
Media and public relations
CNOOC Limited
Tel: +86-10-8452-6832
Fax: +86-10-8452-1441
E-mail: [email protected]

Mr. Bunny Lee
Porda Havas International Finance Communication Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: [email protected]

SOURCE CNOOC Limited

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