For Immediate Release
A New Discovery Made in Bohai Bay
( Hong Kong , July 7 , 200 8 ) - CNOOC Limited ( the “ Company" or “ CNOOC Ltd.” , NYSE: CEO, SEHK: 0 883) announced
today that its wildcat Ken Li (KL) 10-1-1 drilled independent ly in Bohai Bay has successfully completed.
KL 10-1-1 , which was drill ed on Structure KL 10-1 of Lai z hou Bay Sag, encounters oil pay zones of 56.8 meters. T he well
was drill ed to a total depth of 3,148 meters, with a water depth of about 17 meters.
Duri ng the drill stem test, t he well was tested to flow about 980 barrels of oil and 100 ,000 cubic feet of gas per day.
Mr. Zhu Weilin, Executive Vice President of the Company and General Manager of the Exploration Department commented, “ I
am pleased t o annou nce our exploration progress in Bohai Bay . The successful discovery of KL 10-1-1 will help continue
our effective exploration activities in this area . ”
- 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 “believe,” “intend,” “expect,” “anticipate,” “project,” “estimate,” “plan,” “predict” and similar expressions are
intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by
us that we believe are reasonable under
the circumstances. However, whether actual results and developments will meet our expectations and predictions depend
on a number of risks and uncertainties which could cause our actual results, performance and financial condition to differ
materially from our expectations. For a description of these and other risks and uncertainties, please see the documents we
file from time to time with the United States