CNOOC puts Bozhong 28/34 oil fields into production

CNOOC Ltd. (NYSE:CEO) says its Bozhong 28/34 oil fields comprehensive adjustment project has commenced production.

Offshore staff

HONG KONG –CNOOC Ltd. (NYSE:CEO) says its Bozhong 28/34 oil fields comprehensive adjustment project has commenced production.

The Bozhong 28/34 fields are inBohai Bay with an average water depth of 22 m (72 ft). The project consists of three sub-projects, namely Bozhong 28-2S oil fields comprehensive adjustment project, Bozhong 34-1 oil field comprehensive adjustment project, and Bozhong 34-2/4 oil field comprehensive adjustment project.

The main production facilities include six offshore platforms and 79 producing wells. There are currently 39 wells producing approximately 22,000 b/d of oil. The adjustment project is expected to reach peak production of approximately 30,000 b/d in 2016.

CNOOC holds 100% interest and acts as the operator.

06/30/2015

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