CNOOC Flows First Oil at Jinzhou 9-3 Field in North Liaodong Bay off China

China National Offshore Oil Ltd. (CNOOC) announced Tuesday that its Jinzhou 9-3 comprehensive adjustment project has commenced production in Bohai, offshore China.

The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with the water depth in the range of 21 to 34 feet (6.5 to 10.5 meters). The main production facilities of this adjustment project include one central processing platform, one wellhead platform and 21 producing wells. There are currently 15 wells producing approximately 7,600 barrels of crude oil per day. The adjustment project is expected to reach its overall development plan (ODP) designed peak production of approximately 12,000 barrels per day in 2015.

The Jinzhou 9-3 is an independent oilfield in which the Company holds 100 percent interest and acts as the operator.

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