CNOOC Limited Announces Key Operational Statistics of Q3

HONG KONG, Oct. 24, 2013 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, 
SEHK: 00883, TSX: CNU) is pleased to announce its key operational statistics 
for the third quarter of 2013. 
During the quarter, the Company's total net production rose 17.8% year over 
year (YOY) to 103.4 million barrels of oil equivalent (BOE) in which Nexen 
contributed 16.1 million BOE. If excluding Nexen's contribution, the net 
production for the third quarter of 2013 is basically flat YOY. 
The Company made 5 new discoveries and 15 successful appraisal wells in total 
for the third quarter. In offshore China, we made 2 new discoveries and 10 
successful appraisal wells, among which Luda 5-2 North is a mid-sized new 
discovery and Kenli 9-5/9-6 was proved to be a mid-sized oil and gas 
structure. In the meantime, the Company made 3 new discoveries and 5 
successful appraisal wells in overseas. 
On September 18, 2013, CNOOC Limited was listed at the Toronto Stock Exchange 
(TSX), representing the Company's consistent commitment to the transparency 
and good corporate governance. 
Greatly benefited from the growth in production volume, the unaudited oil and 
gas sales revenue of the Company reached approximately RMB56.14 billion, 
representing an increase of 15.9% YOY. The Company's average realized oil 
price increased 1.5% YOY to US$106.26 per barrel while the Company's average 
realized gas price went down 6.9% YOY to US$5.43 per thousand cubic feet. 
Taking out of Nexen's impact, the Company's capital expenditure reached 
approximately RMB17.7 billion during the third quarter, representing an 
increase of 18.2% YOY, mainly attributed to the increase of the development 
projects. For the third quarter of 2013, Nexen's capital expenditure was 
approximately RMB4.7 billion. 
Mr. Li Fanrong, Chief Executive Officer of the Company commented, "I am glad 
to see that the Company made significant progress in exploration for the third 
quarter,particularly the new discovery Luda 5-2 North and successful 
appraisal Kenli 9-5/9-6 have further enlarged the reserve scale of Bohai and 
facilitated our sustainable development in the future." 
Notes to Editors: 
More information about the Company is available at 
This press release includes "forward-looking statements" within the meaning of 
the United States Private Securities Litigation Reform Act of 1995, including 
statements regarding expected future events, business prospectus or financial 
results. The words "expect", "anticipate", "continue", "estimate", 
"objective", "ongoing", "may", "will", "project", "should", "believe", 
"plans", "intends" and similar expressions are intended to identify such 
forward-looking statements. These statements are based on assumptions and 
analysis made by the Company in light of its experience and perception of 
historical trends, current conditions and expected future developments, as 
well as other factors that the Company believes reasonable under the 
circumstances. However, whether actual results and developments will meet the 
Company's expectations and predictions depends on a number of risks and 
uncertainties which could cause the actual results, performance and financial 
conditions to differ materially from the Company's expectations, including 
those associated with fluctuations in crude oil and natural gas prices, the 
exploration or development activities, the capital expenditure requirements, 
the business strategy, whether the transactions entered into by the Company 
can complete on schedule pursuant to its timetable or at all, the highly 
competitive nature of the oil and natural gas industries, the foreign 
operations, environmental liabilities and compliance requirements, and 
economic and political conditions in the People's Republic of China. For a 
description of these and other risks and uncertainties, please see the 
documents the Company has filed from time to time with the United States 
Securities and Exchange Commission, including 2012 Annual Report on Form 20-F 
filed on April 24, 2013. 
Consequently, all of the forward-looking statements made in this press release 
are qualified by these cautionary statements. The Company cannot assure that 
the results or developments anticipated will be realized or, even if 
substantially realized, that they will have the expected effect on the 
Company, its business or operations.

Ms. Michelle Zhang Deputy Manager, Media / Public Relations CNOOC Limited Tel: 
+86-10-8452-6642 Fax: +86-10-8452-1441 
Ms. Angela Hui Ketchum Newscan Public Relations Ltd Tel: +852-3141-8091 Fax: 
To view this news release in HTML formatting, please use the following URL: 
CO: Nexen Inc.
-0- Oct/24/2013 08:30 GMT
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