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 : Announces Luda 29-1 Oilfield (Form 6-K)

07/21/2021 | 06:59am EDT

CNOOC Limited Announces Luda 29-1 Oilfield

Commences Production

(Hong Kong, July 21, 2021) - CNOOC Limited (the 'Company', SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Luda 29-1 oilfield has commenced production.

Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Luda 21-2/Luda 16-3 oilfield, the project has also built a new wellhead platform, with 7 development wells planned in total, including 4 production wells, 2 water injection wells and 1 water source well. The project is expected to reach its peak production of approximately 4,440 barrels of crude oil per day in 2021.

CNOOC Limited holds 100% interest in Luda 29-1 oilfield 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 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 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, the exploration and development activities, mergers, acquisitions and divestments activities, environmental responsibility and compliance requirements, foreign operations and cyber system attacks. 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 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 10:58:04 UTC.


ę Publicnow 2021
All news about CNOOC LIMITED
09/24CNOOC : Bozhong 19-4 Oilfield Comprehensive Adjustment Project Commences Production (Form ..
PU
09/24CNOOC : Dual Listed CNOOC Says Bozhong 19-4 Oilfield Adjustment Project Has Started Produc..
MT
09/24Hong Kong Hang Seng Down 1.3%, Renews Decline on Property, Tech Issues
MT
09/24CNOOC LIMITED : Announces Bozhong 19-4 Oilfield Comprehensive Adjustment Project Commences..
AQ
09/24CNOOC Limited Announces Bozhong 19-4 Oilfield Comprehensive Adjustment Project Commence..
CI
09/23CNOOC Says Qinhuangdao/Caofeidian Onshore Power Project Starts Operation
MT
09/23CNOOC : Reports Launch of Operations at Qinhuangdao/ Caofeidian Onshore Power Project
MT
09/23CNOOC : Announces Qinhuangdao/ Caofeidian Onshore Power Project Commences Operation Succes..
PU
09/22CNOOC LIMITED : Announces Qinhuangdao/ Caofeidian Onshore Power Project Commences Operatio..
AQ
09/22CNOOC Limited Announces Qinhuangdao/ Caofeidian Onshore Power Project Commences Operati..
CI
More news
Analyst Recommendations on CNOOC LIMITED
More recommendations
Financials
Sales 2021 235 B 36 271 M 36 271 M
Net income 2021 68 974 M 10 667 M 10 667 M
Net Debt 2021 101 B 15 599 M 15 599 M
P/E ratio 2021 4,32x
Yield 2021 10,1%
Capitalization 299 B 46 282 M 46 280 M
EV / Sales 2021 1,71x
EV / Sales 2022 1,58x
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 6,70 CNY
Average target price 9,92 CNY
Spread / Average Target 48,0%
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 LIMITED12.40%46 282
CONOCOPHILLIPS62.59%87 067
EOG RESOURCES, INC.56.61%45 599
CANADIAN NATURAL RESOURCES LIMITED45.83%41 687
PIONEER NATURAL RESOURCES COMPANY42.27%39 529
ECOPETROL S.A.13.59%27 287