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.

(Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg )

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

Back to top

RELATED LINKS
http://www.cnoocltd.com
http://www.prnasia.com/xprn/sa/200701301659.jpg