CNOOC LIMITED 2014 First Quarter Review Financial and Operating Highlights for the Quarter Ended March 31, 2014
Overview Net production of 108.1 mm boe, up 15.5% YoY Operation Highlights 5 new discoveries and 8 successful appraisal wells New projects progressed on schedule Oil and gas sales revenues of RMB 59.15 billion, up 6.9% YoY…
Production Summary 2014Q1* 2013Q1* Crude and Natural Total Crude and Natural Total Liquids Gas Liquids Gas (mm bbls) (bcf) (mm boe) (mm bbls) (bcf) (mm boe) China Bohai 34.8 13.0 37.0 37.4 12.1 39.5 Western South China Sea 8.5…
Revenue and Capital Expenditure RMB millions USD millions* (unaudited) 2014Q1 2013Q1 %Change 2014Q1 2013Q1 Sales Revenue Crude and Liquids 55,051 52,050 5.8% 9,000 8,291 Natural Gas 4,102 3,260 25.8% 671 519 Marketing Revenue, net…
Exploration Highlights Bozhong, Caofeidian24 Well Type Status Bozhong22-1-2 Wildcat Successful Bozhong8-4-7 Appraisal Successful Bozhong8-4-8d Appraisal Successful Bozhong8-4-9d Appraisal Successful Bonan Well Type Status…
New Discoveries Bozhong 22-1 Located in the south central Bohai Bozhong 22-1 Discovery well Bozhong 22-1-2 encountered gas Bohai pay zones with a total thickness of 92 meters Drilled and completed at a depth of 4,611 meters…
Successful Appraisals Bozhong 8-4 Bozhong 8-4 Year of discovery: 2013 Bohai Three successful appraisal wells Bozhong 8-4- 7/8d/9d extended the reserve scale of this area Expected to become a mid-size oilfield Wushi 17-2…
Major New Projects in 2014 Gross Peak Working Project Location Status Production Interests (boe/day) Kenli 3-2 Bohai Offshore commissioning 37,000 100% Wenchang 13-6 Western South Offshore commissioning 6,000 100% China Sea Eastern…
HSE Performance Health, safety and environment protection are always our top priority. Continue to closely monitor the production operations of all oil and gas fields. Continue to proactively perform social responsibilities.…
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