CNOOC Announces Successful Wildcat in Indonesia

CNOOC Limited announced the success of KE7-3, a wildcat located offshore West Madura, Indonesia.

KE7-3 is located in the offshore West Madura Production Sharing Contract area (West Madura PSC). The well, drilled by operator Kodeco Energy Co. Ltd., reached a depth of about 2,250 meters. During drill stem testing, it flowed at a rate of over 1,000 barrels of oil and condensate per day, plus approximately 10.5 million standard cubic feet of gas per day on a 48/64 inch choke. Mr. Zhang Guohua, the Senior Vice President of the Company commented, "This discovery, together with previous ones, will help increase the value of this area".

. The Company owns 25% interest in West Madura PSC and PERTAMINA is also a partner in the block.

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