CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced a large-sized deepwater gas discovery Leopard offshore Gabon, West Africa.
The well Leopard-1 is located in license BCD10, around 145 kilometers from the Gabonese coast. The well was drilled at a total depth of 5,063 meters with a water depth of 2,110 meters, and encountered the gas pay zones in a pre-salt reservoir with net pay around 200 meters.
Shell has 75% interest of the discovery and acts as the Operator. CNOOC Limited has the other 25% interest.
About CNOOC
China National Offshore Oil Corporation ("CNOOC"), the largest offshore oil and gas producer in China, is a mega government owned company operating directly under the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China. In 2013, the Company's rankings in the Fortune Global 500 rose to 93. In 2012, our position in Petroleum Intelligence Weekly's World Top 50 Oil Companies rose to 33rd. Standard & Poor's and Moody's continue to rate the Company with creditratings of AA- and Aa3, the highest for a Chinese corporation.