CNOOC LIMITED 2012 First Quarter Review Financial and Operating Highlights for the Quarter Ended March 31, 2012
Overview Net production of 79.8 million boe* 5 new discoveries and 5 successful appraisal wells Operation Highlights New projects went smoothly Acquisition on Ugandan assets completed Oil and gas revenue of RMB 48.84 billion,…
Production Summary Net production 2012Q1* 2011Q1* Crude oil and liquids (mmbbls) Bohai 35.5 39.6 Western South China Sea 6.1 7.5 Eastern South China Sea 11.1 11.9 East China Sea 0.1 0.1 Overseas 10.9 9.8 Subtotal 63.8 68.9…
Revenue and Capital Expenditure RMB million USD million** (unaudited) 2012Q1 2011Q1* %Change 2012Q1 2011Q1* Sales Revenue Crude Oil and Liquids 45,842.4 44,195.2 3.7% 7,276.2 6,711.9 Natural Gas 2,992.9 2,885.7 3.7% 475.0 438.2…
Exploration Program Bozhong Name of wells Type of wells Description QHD29-2E-2 Appraisal Success 06/17 Name of wells Type of wells Description QHD27-3-1 Wildcat Success China Bonan Bohai Name of wells Type of wells…
Exploration Breakthrough Kenli 2-1 discovery Located in Yellow River Mouth sag Penetrated oil pay zones with total thickness of 22 meters PL 9-1 Mid-to-large size discovery, extended the reserve scale of Bohai this area KL2-1…
Major New Projects in 2012 Offshore China Overseas Long Lake Oil Sands Progressed on schedule Missan Oilfield Progressed on schedule Canada Bohai East China China Sea Iraq Weizhou 6-9/6-10 Ready for production Panyu…
Health, Safety and Environment Health, safety and environment protection are always our top priority. 2012 was made Safety and environment protection promotion year of the Company. Continue to strengthen and refine our HSE…
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