CNOOC Launches Startup of JZ 21-1 Oil Gas Field

CNOOC Limited announced today that Jin Zhou (JZ) 21-1, an oil and gas field located in the Bohai Bay have come on stream successfully. JZ 21-1 is producing 3.53 million cubic feet of natural gas per day via one well currently.

JZ 21-1 is about 10 kilometers away from the JZ 20-2 condensate gas field. JZ 21-1 is equipped with one unmanned wellhead platform, one pipeline and one sub-sea cable.

The peak daily production of JZ 21-1 is designed at 11 million cubic feet of natural gas via 3 wells and 1000 barrels of oil via 2 wells.

Mr. Liu Jian, Executive Vice President of the Company commented: "By successful commencement of JZ 21-1, the Company's presence in the Bohai Bay, as well as our capability to realize production target in Bohai Bay are further enhanced."

JZ 21-1 is an independent oil and gas field, which CNOOC Ltd. acts as the Operator and holds 100% interest of the field.

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