First Gas Commences at Lishui 36-1 Field Off China's Zhejiang Province

Article title
CNOOC commences first production at the Lishui 36-1 gas field, located offshore Zhejiang province, China.

CNOOC Limited (the Company) announced Tuesday that the Lishui 36-1 gas field, located offshore Zhejiang province, China has commenced production.

Lishui 36-1 gas field is located 93 miles (150 kilometers) away from Wenzhou city Zhejiang province, with an average water depth of approximately 26 feet (84 meters). The gas field has 4 producing wells, and its primary production facilities include a comprehensive platform and a processing terminal.

CNOOC Limited has 51 percent working interest in Lishui 36-1 gas field and acts as the operator, while its partners, Primeline Energy China Limited and Primeline Petroleum Corporation, hold the remaining 36.75 percent and 12.25 percent working interest, respectively.

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