CNOOC Begins Production at Suizhong 36-1 Phase II Project in Bohai Bay

CNOOC Limited (the company) announced Wednesday that Suizhong 36-1 Phase II adjustment project in China's Bohai Bay has commenced production.

Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai with an average water depth of about 98 feet (30 meters). Along with fully utilizing the existing producing facilities, this adjustment project also built 4 new platforms. The commencement of this project will further enhance the overall processing capability of the field and make the development of this field more effectively. The adjustment project was expected to hit its peak production in 2014.

Suizhong 36-1 oil field is an independent oil field in which the Company holds 100 percent interest and acts as the Operator.

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