CNOOC awaiting more South China Sea field data

June 20, 2006
CNOOC Ltd. said it is waiting for futher field work before deciding whether to exercise its rights 51% of the Husky Energy Inc. natural gas find in the South China Sea.

Offshore staff

CNOOC Ltd said it is waiting for futher field work before deciding whether to exercise its rights 51% of the Husky Energy Inc. natural gas find in the South China Sea.

Husky has a production-sharing contract with CNOOC Ltd.'s parent, China National Offshore Oil Corp. for the area in the South China Sea. CNOOC has transferred its rights under Husky PSC to CNOOC Ltd.

6/20/06