CNOOC announces commencement of Jinzhou 9-3 offshore production project

Source:CNOOC Limited

CNOOC Limited announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production.

CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production.

The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with the water depth in the range of 6.5~10.5 meters. The main production facilities of this adjustment project include one central processing platform, one wellhead platform and 21 producing wells. There are currently 15 wells producing approximately 7,600 barrels of crude oil per day. The adjustment project is expected to reach its ODP designed peak production of approximately 12 thousand barrels per day in 2015.

The Jinzhou 9-3 is an independent oilfield in which the Company holds 100% interest and acts as the operator.

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