CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Bozhong 19-2 Oilfield Development Project has commenced production.

The project is located in central Bohai Bay, with an average water depth of about 20 meters. The main production facilities include a new central processing platform and 4 new unmanned wellhead platforms. A total of 59 development wells are planned to be commissioned, including 34 production wells and 25 water-injection wells. The project is expected to achieve a peak production of approximately 18,800 barrels of crude oil per day in 2025. The oil property is heavy crude.

Smart engineering and standardized construction has remarkably reduced the project’s construction cycle. It has strongly promoted the efficient development of offshore oil and gas resources and laid a solid foundation for the production growth in the Bohai oilfields, the largest crude oil production base in China.

CNOOC Limited holds 100% interest in this project and is 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.