CNOOC Announce Liuhua 34-2 Gas Field Commenced Production

CNOOC Announce Liuhua 34-2 Gas Field Commenced Production

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that its Liuhua 34-2 gas field has commenced production.

The Liuhua 34-2 gas field is located in the Eastern South China Sea with the water depth in the range of 850 to 1,250 meters. The gas field consists of one producing well and shares the existing facilities of Liwan 3-1 gas field for overall development. The gas field is producing approximately 30 million cubic feet per day and expected to reach its ODP designed peak production of approximately 45 million cubic feet per day in 2015.

CNOOC Limited has a 51% working interest in Liuhua 34-2 gas field, while Husky Oil China Limited holds the remaining 49% working interest and acts as the operator.

Source: CNOOC Limited

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