CNOOC Limited - Kenli 3-2 Oilfields Start Production

 HONG KONG, May 12, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK:  00883, TSX: CNU) today announced that its Kenli 3-2 oilfields have commenced  production.  The Kenli 3-2 oilfields, located in the southern Bohai Sea, consists of Kenli  3-2, Bozhong 34-6/7, southern part of Bozhong 29-4 and Bozhong 35-2 oilfields.  The average water depth is approximately 20 meters. The primary production  facilities include 7 offshore platforms and 1 onshore oil processing terminal.  The peak production of the oilfields is estimated around 35,000 barrels per  day.  The Company holds 100% interest of the oilfields.  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.    SOURCE  CNOOC Limited  Ms. Michelle Zhang Deputy Manager, Media / Public Relations CNOOC Limited Tel:  +86-10-8452-6642 Fax: +86-10-8452-1441  Ms. Cathy Zhang Hill+Knowlton Strategies Asia Tel: +852-2894 6211 Fax:  +852-2576 1990  To view this news release in HTML formatting, please use the following URL:  CO: Nexen Inc. NI: OIL FIELD COS  
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