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Q3 2011 EARNINGS CALL – CNOOC Limited

CNOOC Limited · Oct 26, 2011 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 1
    CNOOC LIMITED 2011 Third Quarter Review Financial and Financial and Operating Operating Highlights Highlights for the for the Quarter Quarter Ending Ending September September 30, 30, 2011 2011
  2. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 2
    Third Quarter Overview Total net production of 80.9 mmboe Operating Highlights 2 new discoveries and 9 successful appraisal wells Oil and gas sales revenues were RMB 46,261 million, representing an increase of 23.7% YOY…
  3. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 3
    Production Summary Net production 3Q 2011* 3Q 2010* Crude oil and liquids (mm bbls) Bohai Bay 35.6 40.7 Western South China Sea 6.1 7.8 Eastern South China Sea 9.8 11.1 East China Sea 0.08 0.06 Overseas 9.8 10.7 Subtotal 61.4…
  4. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 4
    Revenues and Capital Expenditure 3 months ended Sept.30 9 months ended Sept.30 (unaudited) 2011 2010 %Chg 2011 2010 %Chg (RMB Million) Revenues Crude Oil & liquids 42,897 34,633 23.9% 134,027 96,924 38.3% Natural Gas 3,363 2,758…
  5. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 5
    Resource Tax On October 10, the State Council announced to reform the Resource Tax. Effective from November 1, 2011. For our independent oil and gas fields, current royalties will be replaced by resource tax; PSC fields will continue to…
  6. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 6
    Major Development Highlights Jinzhou 25-1 Came on stream in Q1 Eagle Ford Project 33.3% in Eagle Ford Jinxian 1-1 Ready for production Weizhou 11-2 To come on stream in Q4 Lufeng 13-2 adjustment To come on stream in…
  7. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 7
    Exploration Highlights Independent Indonesia 06/17 PSC Name of wells Type of wells Description Nadia-1 Wildcat Successful Name of wells Type of wells Description MDA-4 Appraisal Successful QHD33-2-2 Appraisal Successful QHD33-3-2…
  8. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 8
    Penglai 19-3 Oil Spill Recap Located at south Bohai Bay; largest oilfield in offshore China Operated under Production Sharing Contract PSC signed: 1994 First discovery: 1999 Production startup: 2002 Operator: ConocoPhillips…
  9. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 9
    Health, Safety and Environment Health, safety and environment protection are always our top priority. Continue to closely monitor the production operations of all oilfields. Actively carry out the offshore safety inspection to screen…
  10. Q3 2011 EARNINGS CALL – CNOOC Limited – slide 10
    http://www.cnoocltd.com

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