CNOOC announces start of offshore production

Source:CNOOC Limited

CNOOC announces start of offshore production

CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Kenli 3-2 oilfields have commenced production.

The Kenli 3-2 oilfields, located in the southern Bohai Sea, consists of Kenli 3-2, Bozhong 34-6/7, southern part of Bozhong 29-4 and Bozhong 35-2 oilfields. The average water depth is approximately 20 meters. The primary production facilities include 7 offshore platforms and 1 onshore oil processing terminal. The peak production of the oilfields is estimated around 35,000 barrels per day.

The Company holds 100% interest of the oilfields.

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