CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that the Bozhong 28-2 South Oilfield Second Adjustment Project has commenced production.

The project is located in southern Bohai Sea, with an average water depth of around 21 meters. The main production facilities include 1 central platform and 1 water-injection subsea pipeline. 21 development wells are planned to be commissioned, including 13 production wells and 8 water-injection wells. It is expected to achieve a peak production of approximately 7,600 barrels of crude oil per day in 2024.

CNOOC Limited holds 100% interest in the project and acts as the operator.

About CNOOC

CNOOC Limited (SEHK: 00883, SSE: 600938) is a listed company on the Shanghai Stock Exchange and the Hong Kong Stock Exchange with stock codes of 600938 and 00883, respectively.
The Company is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Company mainly engages in exploration, development, production and sale of crude oil and natural gas.