CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Wushi 17-2 Oilfields Development Project has commenced production.

The project is located in Beibu Gulf, with an average water depth of approximately 28 meters. The main production facilities include a new wellhead platform and an oil and gas processing terminal. A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 water-injection wells and one appraisal and water source well. It is expected to achieve a peak production of approximately 9,900 barrels of oil equivalent per day in 2026. The oil property is light crude.

CNOOC Limited holds 80% 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.