CNOOC Ltd. today announced its 2018 interim results for the six months ended June 30, 2018. In the first half of the year, the Company maintained efficient oil and gas production operations with progress and successfully achieved its target. The Company made 8 new discoveries, including 6 discoveries in offshore China and 2 discoveries overseas. Two discoveries of hundred-million-ton of oil equivalent-class were [...]
HONG KONG, July 3, 2018 /CNW/ -- CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed a production sharing contract with Roc Oil Company and Smart Oil Investment Ltd. for Weizhou 10-3W oilfield and Block 22/04 in the South China Sea. Weizhou 10-3W oilfield and Block 22/04 are located in the Beibu Gulf Basin of the South China Sea. The Weizhou 10-3W oilfield covers a [...]
HONG KONG, May 18, 2018 /CNW/ -- CNOOC Ltd. announced today that its parent company, China National Offshore Oil Corporation , has signed two production sharing contracts with Husky Oil Operations Limited for Block 22/11 and 23/07 in the South China Sea. Block 22/11 and 23/07 are located in the Beibu Gulf of the South China Sea. The Block 22/11 covers a total area of 1,663 square kilometers with a water depth of 40-80 [...]
HONG KONG, April 27, 2018 /CNW/ -- CNOOC Ltd. today announced changes in directors of the Company. Mr. Wang Dongjin has been appointed as a Non-executive Director and a member of the Remuneration Committee of the Company. Mr. Wu Guangqi has resigned as a Non-executive Director and a member of the Remuneration Committee of the Company due to retirement. The aforementioned changes take effect from 27 April 2018. Mr. Wu has [...]
HONG KONG, April 25, 2018 /CNW/ -- CNOOC Ltd. announced on April 25, 2018 the pricing of an offering of US$ 1,450,000,000 aggregate principal amount of guaranteed notes. The offering consists of US$450,000,000 of 3.750% guaranteed notes due 2023 and US$1,000,000,000 of 4.375% guaranteed notes due 2028 . The 2023 Notes and 2028 Notes will be issued by CNOOC Finance U.S.A. LLC, an indirect wholly-owned subsidiary of the [...]
HONG KONG, April 20, 2018 /CNW/ -- CNOOC Ltd. today announced its key operational statistics for the first quarter of 2018. The Company achieved total net production of 120.1 million barrels of oil equivalent for the first quarter of 2018, representing an increase of 0.8% year over year . Production from offshore China decreased 1.2% YoY to 77.5 million BOE, mainly due to normal decline of the producing fields. Overseas [...]
HONG KONG, April 19, 2018 /CNW/ -- CNOOC Ltd. announced today it has filed with the United States Securities and Exchange Commission its 2017 annual report on Form 20-F that included audited financial statements for the year ended December 31, 2017. The annual report is available on the Company's website at www.cnoocltd.com as well as SEC?s website at www.sec.gov. CNOOC Ltd. will also provide a hard copy of its 2017 [...]
HONG KONG, March 29, 2018 /CNW/ -- CNOOC Ltd. today announced its 2017 annual results for the year ended December 31, 2017. The Company significantly advanced work in exploration, development and production throughout 2017, which have further strengthened the resource foundation of sustainable development. In offshore China, the Company delivered substantial exploration results and breakthroughs. Overseas exploration [...]
HONG KONG, March 20, 2018 /CNW/ -- CNOOC Ltd. announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou 12-1 oilfield, the project has also built one wellhead platform. Currently, there are seven wells in [...]
HONG KONG, Feb. 12, 2018 /CNW/ -- CNOOC Ltd. is pleased to announce that the Company will become a component of the Hang Seng China Enterprises Index , effective from 5 March 2018. The move comes after Hang Seng Indexes Company Limited recently announced the results of its quarterly review of the Hang Seng Family of Indexes ended 29 December 2017. CNOOC has been selected to join the HSCEI as constituent. The inclusion is [...]
HONG KONG, Feb. 5, 2018 /CNW/ -- CNOOC Ltd. announced today that the Stampede Field, located in the deepwater Gulf of Mexico, has commenced production. The Stampede Field is located in the Gulf of Mexico, approximately 185 kilometers south of Fourchon, Louisiana, U.S.A. It is positioned in approximately 1,066 meters of water, with a reservoir depth of 9,100 meters. The facility is designed for a gross topsides processing [...]
HONG KONG, Feb. 1, 2018 /CNW/ -- CNOOC Ltd. today announced its business strategy and development plan for the year 2018. The Company's net production target for 2018 is 470 million to 480 million barrels of oil equivalent , of which, production from China and overseas accounts for approximately 64% and 36%, respectively. The Company's net production for 2017 is expected to be approximately 469 million BOE. The Company's [...]