HONG KONG, Nov. 12 /PRNewswire-Asia/ -- CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO; SEHK: 0883) announced today that the Floating, Production, Storage and Offloading (FPSO) vessel "Haiyangshiyou 113" shifted from its moorings by strong winds in the Bohai Bay area, has been safely secured. There were no injuries or oil spills.
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Operations at the BZ25-1/BZ25-1South oilfields were shut-in on November 10 as a safety precaution during the strong winds, and recovery activities are now being remobilized.
BZ25-1/BZ25-1South oilfield is a joint project developed with Chevron. CNOOC Ltd. holds 83.8% of interest and acts as the Operator. Before this incident, the production capacity of BZ25-1/BZ25-1South oilfield was approximately 27,000 barrels per day.
The Company maintains appropriate insurance coverage of the operations related to the oilfield.
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com .
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words "believe", "intend", "expect", "anticipate", "project", "estimate", "plan", "predict" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by us that we believe are reasonable under the circumstances. However, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance and financial condition to differ materially from our expectations. For a description of these and other risks and uncertainties, please see the documents we file from time to time with the United States Securities and Exchange Commission, including our 2008 Annual Report on Form 20-F filed on May 8, 2009.
For further enquiries, please contact:
Mr. Xiao Zongwei
Joint Company Secretary and General Manager
of Investor Relations Department
CNOOC Limited
Tel: +86-10-8452-1646
Fax: +86-10-8452-1441
Email: xiaozw@cnooc.com.cn
Ms. Sharon Fung
Ketchum Newscan Public Relations Ltd
Tel: +852-3141-8082
Fax: +852-2510-8199
Email: Sharon.fung@knprhk.com
SOURCE CNOOC Limited
For further information: Mr. Xiao Zongwei, Joint Company Secretary and General Manager of Investor Relations Department of CNOOC Limited, +86-10-8452-1646, fax, +86- 10-8452-1441, xiaozw@cnooc.com.cn; Ms. Sharon Fung of Ketchum Newscan Public Relations Ltd, +852-3141-8082, fax, +852-2510-8199, Sharon.fung@knprhk.com for CNOOC Limited
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