Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. CNOOC Limited
  6. News
  7. Summary
    883   HK0883013259

CNOOC LIMITED

(883)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CNOOC : Bozhong 19-4 Oilfield Comprehensive Adjustment Project Commences Production (Form 6-K)

09/24/2021 | 05:12pm EDT

Bozhong 19-4 Oilfield Comprehensive Adjustment Project Commences Production

(Hong Kong, September 24, 2021) - CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Bozhong 19-4 oilfield comprehensive adjustment project has commenced production.

Bozhong 19-4 oilfield comprehensive adjustment project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities of Bozhong 25-1 oilfield, the project has built a new eight-legged central equipment platform. A total of 25 development wells are planned, including 18 production wells, 7 water injection wells. The project is expected to reach its peak production of approximately 11,000 barrels of crude oil per day in 2022.

CNOOC Limited holds 100% interest in Bozhong 19-4 oilfield comprehensive adjustment project and acts as the operator.

- End -

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 "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements.

These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company's expectations, including but not limited to the Company and its controlling shareholder being listed in the list of the U.S. for sanction against companies with alleged ties to the Chinese military, those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company's price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Jing Liu

Manager, Media & Public Relations

CNOOC Limited

Tel: +86-10-8452-3404

Fax: +86-10-8452-1441

E-mail: mr@cnooc.com.cn

Bunny Lee

Porda Havas International Finance Communications Group

Tel: +852 3150 6707

Fax: +852 3150 6728

E-mail: cnooc.hk@pordahavas.com

Disclaimer

CNOOC Limited published this content on 24 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2021 21:11:04 UTC.


© Publicnow 2021
All news about CNOOC LIMITED
10/15ENN NATURAL GAS : Exclusive-China looks to lock in U.S. LNG as energy crunch raises concer..
RE
10/15Hungry for fuel, China looks to the U.S., Europe eyes relief plans
RE
10/12CNOOC : REVIEW DECISION IN RELATION TO NYSE DETERMINATION TO DELIST AMERICAN DEPOSITARY SH..
PU
10/11CNOOC : China National Offshore Oil Fails Appeal in NYSE Delisting of American Depositary ..
MT
10/10China Lifts Retail Fuel Prices From Sunday
MT
10/07EXXON MOBIL : Raises Stabroek Resource Estimate
MT
10/07Hong Kong Hang Seng Up 3.1% on Property, Tech Sector Rebounds
MT
10/07Hong Kong shares track Asia peers higher; tech rebounds, property up on housing plans
RE
10/07Hong Kong shares track overseas peers higher, property jumps on housing plans
RE
10/06DAILY JOURNAL : Hong Kong stocks track Asian peers lower unfazed by CEO Carrie Lam's polic..
RE
More news
Analyst Recommendations on CNOOC LIMITED
More recommendations
Financials
Sales 2021 237 B 36 804 M 36 804 M
Net income 2021 69 319 M 10 782 M 10 782 M
Net Debt 2021 101 B 15 689 M 15 689 M
P/E ratio 2021 5,62x
Yield 2021 7,70%
Capitalization 393 B 50 508 M 61 113 M
EV / Sales 2021 2,09x
EV / Sales 2022 1,91x
Nbr of Employees 18 151
Free-Float 35,0%
Chart CNOOC LIMITED
Duration : Period :
CNOOC Limited Technical Analysis Chart | 883 | HK0883013259 | MarketScreener
Technical analysis trends CNOOC LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 8,80 CNY
Average target price 10,02 CNY
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Ke Qiang Xu Chief Executive Officer & Executive Director
Qing Long Xia President & Executive Director
Wei Zhi Xie Chief Financial Officer
Dong Jin Wang Chairman
Xiaonan Wu Joint Secretary & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
CNOOC LIMITED22.56%49 822
CONOCOPHILLIPS85.40%99 280
EOG RESOURCES, INC.79.71%52 325
CANADIAN NATURAL RESOURCES LIMITED71.40%49 926
PIONEER NATURAL RESOURCES COMPANY66.91%46 374
ECOPETROL S.A.31.85%32 297