CNOOC Limited announced that the MDA Gas Field, the largest gas field of 3M Project in Indonesia, has commenced production.

3M Project is located approximately 75 kilometers southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 meters. The project contains 3 gas fields with a total of 9 gas-producing wells. The main production facility is a floating production unit (FPU) which will undertake the natural gas production and treatment process. The FPU was constructed in China with a design capacity of 175 million cubic feet per day (MMcf/d).

The MBH Gas Field of 3M Project commenced production in October. Once the 5 gas-producing wells of MDA are put on stream, a peak daily production from 3M Project of approximately 127MMcf/d is expected.

The 3M Project in Indonesia is operated by HCML. As a joint venture partner, CNOOC Southeast Asia Limited, a wholly owned subsidiary of CNOOC Limited, holds 40% interest in HCML, Cenovus Energy Inc. holds 40% interest and Samudra holds 20% interest.

About CNOOC

CNOOC Limited (SEHK: 00883, SSE: 600938), incorporated in the Hong Kong Special Administration Region (“Hong Kong”) in August 1999, was listed on the New York Stock Exchange (“NYSE”) (code: CEO) and The Stock Exchange of Hong Kong Limited (code: 00883) on 27 and 28 February 2001, respectively. The Company was admitted as a constituent stock of the Hang Seng Index in July 2001. The Company was listed on the Toronto Stock Exchange (code: CNU) on 18 September 2013.