HONG KONG, March 30, 2025/ PRNewswire/– CNOOC Limited (the “Business”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) reveals today that the Business has actually made a significant oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which includes over a hundred million lots of oil comparable in-place.
Huizhou 19-6 oilfield lies in the eastern South China Sea, with a typical water depth of around 100 meters. The primary oil-bearing plays are Paleogene Enping Development and Wenchang Development, and the oil residential or commercial property is light crude. The discovery well HZ19-6-3 was drilled and finished at a depth of 5,415 meters, which came across an overall of 127 meters oil and gas pay zones. The well was evaluated to produce 413 barrels of petroleum and 2.41 million cubic feet of gas daily. Through continued expedition, the proven in-place volume of Huizhou 19-6 oilfield has actually surpassed a hundred million lots of oil equivalent.
Mr. Xu Changgui, the Chief Geologist of the Business, stated, “Over the last few years, CNOOC Limited has actually reinforced the research study on expedition theory and innovation of the deep and ultra-deep plays in the South China Sea, and advancements have actually been attained. This discovery has actually verified the biggest incorporated clastic oilfield in the northern South China Sea in regards to initial oil in location, breaking the standard theoretical understanding, and showing the massive expedition capacity of deep and ultra-deep plays in high-temperature and extremely active basins offshore China“
Mr. Zhou Xinhuai, CEO of the Business, stated, “CNOOC Limited has actually made various advancements in oil and gas expedition in the eastern South China Sea. Oilfields with hundred-million-ton oil in-place have actually been found in this location for 2 successive years, making it a brand-new chauffeur of the overseas oil and gas production development. The Business will continue to enhance its efforts in oil and gas expedition and advancement, to combine the resource base for increasing reserves and production, so regarding reinforce the top quality advancement of the Business.”
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Notes to Editors:
More info about the Business is offered at http://www.cnoocltd.com.
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This news release consists of forward looking info, consisting of declarations concerning the most likely future advancements in business of the Business and its subsidiaries, such as anticipated future occasions, company potential customers or monetary outcomes. The words “anticipate”, “prepare for”, “continue”, “quote”, “unbiased”, “continuous”, “might”, “will”, “job”, “ought to”, “think”, “strategies”, “means” and comparable expressions are planned to determine such positive declarations. These declarations are based upon presumptions and analyses made by the Business since this date because of its experience and its understanding of historic patterns, existing conditions and anticipated future advancements, in addition to other aspects that the Business presently thinks are proper under the scenarios. Nevertheless, whether real outcomes and advancements will satisfy the existing expectations and forecasts of the Business doubts. Real outcomes, efficiency and monetary condition might vary materially from the Business’s expectations, consisting of however not restricted to those connected with macro-political and financial aspects, changes in petroleum and gas rates, the extremely competitive nature of the oil and gas market, environment modification and ecological policies, the Business’s cost projection, mergers, acquisitions and divestments activities, HSSE and insurance plan and modifications in anti-corruption, anti- scams, anti-money laundering and business governance laws and policies.
As A Result, all of the positive declarations made in this news release are certified by these cautionary declarations. The Business can not ensure that the outcomes or advancements expected will be understood or, even if considerably understood, that they will have the anticipated impact on the Business, its company or operations.
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For more queries, please contact:
Ms. Cui Liu
Media & & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
Email: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Financing Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
Email: cnooc.hk@pordahavas.com
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SOURCE CNOOC Limited
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