SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM 6-K
--------
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For March 23, 2005
CNOOC Limited
(Translation of registrant's name into English)
65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F)
Form 20-F X Form 40-F
-------- ---------
(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
-------- ---------
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A.)
Company Press Release
CNOOC Limited Made New Discovery in Western South China Sea
(Hong Kong, March 22, 2005) - CNOOC Limited (together with its subsidiaries, the
"Company", NYSE: CEO, SEHK: 883) announced today that it had made a new
discovery in Weizhou (WZ) 6-10-1 in the Western South China Sea through
independent exploration.
WZ 6-10-1 was drilled in block WZ 6-10 in the Weixinan trough. It is
approximately six kilometers west to WZ12-1 and 35 kilometers southwest to
Weizhou islands. The well was drilled to a total depth of 3,476 meters in about
34 meters of water depth.
The well was tested to flow nearly 1,900 barrels of oil and 53,000 cubic feet of
gas per day on 11.11 mm choke in the two drill stem tests.
Mr. Zhang Guohua, Senior Vice President of the Company, commented, "We are
excited with the positive results of WZ 6-10-1. Weixinan Trough is rewarding our
exploration efforts."
Further appraisal wells have been planned to delineate the discovery. The
Company owns a 100% interest in the discovery.
Ends
Notes to Editor
CNOOC LIMITED - BACKGROUND
Incorporated in Hong Kong in August 1999, CNOOC Limited (SEHK: 883; NYSE: CEO)
is the dominant producer of crude oil and natural gas offshore China. It is also
one of the largest independent crude oil and gas exploration and production
companies in the world.
As of December 31, 2003, CNOOC Limited's net proved reserves were 2.1 billion
barrels-of-oil-equivalent (BOE). Its daily production for the first half ended
June 30, 2004 was 365,771 BOE (unaudited).
CNOOC Limited is currently engaged in exploration, development and production in
four major areas offshore China, which cover Bohai Bay, Western South China Sea,
Eastern South China Sea and East China Sea. It is also one of the largest
offshore crude oil producers in Indonesia.
The Company has about 2,447 employees.
CNOOC LIMITED - Relationship with its parent company, CNOOC
CNOOC Limited, incorporated in Hong Kong, is a 70.64% held subsidiary of China
National Offshore Oil Corporation ("CNOOC"). CNOOC Limited is the sole vehicle
through which CNOOC carries out oil and gas exploration, development, production
and selling activities
1
offshore China and internationally.
CNOOC, the parent company, is involved in the administrative, research and
services functions for the People's Republic of China's offshore petroleum
industry as well as other mid- or down-stream petroleum projects.
*** *** ***
This press release contains statements that are not historical facts, including
statements about beliefs and expectations of the directors of CNOOC Limited (the
"Company"). These forward-looking statements are based on current plans,
estimates and projections, and therefore you should not place undue reliance on
them. Forward-looking statements speak only as of the date they are made, and
the directors of the Company undertake no obligation to update publicly any of
them in light of new information or future events. Forward-looking statements
involve inherent risks and uncertainties. You are cautioned that a number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement. Such factors include, but are not
limited to, changes in the PRC economic, political and social conditions as well
as government policies.
*** *** ***
For further enquiries, please contact:
Mr. Xiao Zongwei
Director of Investor Relations
CNOOC Limited
Tel: +86-10-8452-1646
Fax: +86-10-8452-1441
E-mail: xiaozw@cnooc.com.cn
Ms. Sharon Fung
Ketchum Newscan Public Relations Ltd
Tel: +852-3141-8082
Fax: +852-2510-8199
E-mail: Sharon.Fung@knprhk.com
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report on Form 6-K to be signed on
its behalf by the undersigned, thereunto duly authorized.
CNOOC Limited
By: /s/ Cao Yunshi
-------------------------------
Name: Cao Yunshi
Title: Company Secretary
Dated: March 23, 2005