CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered, marking the safe commencement of the Train 3 of Tangguh LNG project.

Tangguh LNG project is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs. The existing two-train facility has commenced production in 2009 with a plant capacity of 7.6 million tons per annum (mtpa). Train 3 brings the total plant capacity to 11.4 mtpa, which further consolidates the position of Tangguh LNG project as the largest gas field and the largest LNG production hub in Indonesia. Production facilities that have commenced production during the same time included 2 new wellhead platforms, 10 production wells and supporting infrastructure.

CNOOC Muturi Limited, a wholly-owned subsidiary of the Company, holds a 13.90% interest in Tangguh project. BP Berau Ltd., the operator, and affiliates in Indonesia hold 40.22%. Other PSC partners are: MI Berau B.V. (16.30%), Nippon Oil Exploration (Berau), Limited (12.23%), KG Berau Petroleum Ltd and KG Wiriagar Petroleum Ltd (10.00%), Indonesia Natural Gas Resources Muturi Inc. (7.35%).

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.