CNOOC Limited Announces Hangingstone Project Commences Production

CNOOC Limited announced the Hangingstone project in Canada has already commenced production.

The Hangingstone project, located in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 32 well pairs, water treatment and bitumen flowlines. The project is expected to reach its peak production rate of approximately 20,000 barrels of bitumen per day in 2018.

 

NEXEN Energy ULC, a wholly owned subsidiary of CNOOC Limited, has a 25% working interest in Hangingstone Project, while Japan Canada Oil Sands Limited (JACOS) holds the remaining 75% working interest and acts as the operator.

 

More information about the Company is available at http://www.cnoocltd.com.

 

For further enquiries, please contact:

 

Mr. Yan Cao

Deputy General Manager, Investor Relations Department

CNOOC Limited

Tel: +86-10-8452-1417

Fax: +86-10-8452-1441

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Ms. Iris Wong

Hill+Knowlton Strategies Asia

Tel: +852-2894 6263

Fax: +852-2576 1990

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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