CNOOC Ltd. (ADR)

CNOOC today announced its annual results for the year ended December 31, 2013. In 2013, the Company continued to increase its investment in exploration. Benefitting from the Company's cognitive innovation and technological advancement, 18 new discoveries were made and 20 oil and gas structures were successfully appraised by the Company. As at the end of 2013, the Company owned net proved reserves of approximately 4.43 [...]

HONG KONG, March 24, 2014 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company has recently made a mid-sized natural gas discovery Bozhong 22-1 in Bohai. Bozhong 22-1 structure is located in the south central Bohai with an average water depth of about 25 meters. The discovery well Bozhong 22-1-2 is drilled and completed at a depth of 4,611 meters and encountered gas reservoir [...]

HONG KONG, March 19, 2014 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883) today announced that the Company has recently made a new mid-sized gas discovery Lingshui17-2, which indicated the first breakthrough on the independent deepwater exploration in Qiongdongnan Basin of South China Sea. Lingshui17-2 is located in the east Lingshui Sag in deepwater area of Qiongdongnan Basin, with the average water depth of [...]

HONG KONG, Jan. 20, 2014 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced a summary of the Company's business strategy and development plan for the year 2014. The Company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 million BOE as a result of the acquisition of Nexen Inc. (Nexen). The Company's net [...]

HONG KONG, Jan. 14, 2014 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that Liuhua 19-5 gas field has recently commenced production. Liuhua 19-5 is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of about 185 meters. This project was designed to share the existing producing facility of Panyu 30-1 gas field, and two new producing wells were [...]

HONG KONG, Dec. 18, 2013 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that Qikou 18-1 adjustment project has recently commenced production. Qikou 18-1 oil field is located in the west part of Bohai with an average water depth of 10 meters. In addition to fully utilize the existing producing facilities, this adjustment project has also built one plug-in processing facility and two [...]

HONG KONG, Nov. 12, 2013 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its wholly-owned subsidiary Nexen Energy ULC (Nexen), has entered into an exclusive agreement with the Government of British Columbia, Canada to examine the viability of constructing a liquefied natural gas (LNG) plant and export terminal at Grassy Point near Prince Rupert, British Columbia, Canada. The [...]

HONG KONG, Oct. 30, 2013 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that Suizhong 36-1 Phase II adjustment project has commenced production. Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai with an average water depth of about 30 meters. Along with fully utilizing the existing producing facilities, this adjustment project also built 4 new [...]

HONG KONG, Oct. 25, 2013 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the first production from the Rochelle gas-condensate field in the UK North Sea has commenced. At Rochelle field, Nexen Petroleum U.K. Ltd. ("Nexen UK"), a wholly-owned subsidiary of the Company, acts as the field operator. The Rochelle field in Blocks 15/26b, 15/26c and 15/27 lies approximately 115 miles [...]

HONG KONG, Oct. 24, 2013 /CNW/ - CNOOC Ltd. (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) is pleased to announce its key operational statistics for the third quarter of 2013. During the quarter, the Company's total net production rose 17.8% year over year (YOY) to 103.4 million barrels of oil equivalent (BOE) in which Nexen contributed 16.1 million BOE. If excluding Nexen's contribution, the net production for the [...]