Production Increased at QHD 32-6 with Additional Platform Completion

abarrelfullabarrelfull wrote on 27 Aug 2014 07:16

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June 17, 2002

CNOOC Limited (the "Company", SEHK: 883; NYSE: CEO) announced today producing platform C and D were successfully brought on stream. The two installed platforms have added slightly over 20,000 barrels per day of oil production to the producing field QHD 32-6.

Located in the northern part of the Bohai Bay, QHD 32-6 oil field is operated by CNOOC limited with 51% working interest and with ChevronTexaco and BP as partners holding the remaining interests.

The successful startup of Platform C and D is yet another accomplishment to the Company??¥s strong track record of execute development projects on schedule, within budget and with solid quality control, commented by Mr. Zhou Shouwei, Executive Vice President of the company.

First two platforms (A & B) were brought on line last October. Two more producing platforms, E and F, are expected to commence production later this year.

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