HONG KONG, 12 July 2011 / PRNewswire-Asia /-CNOOC limited ("Company", NYSE: CEO, Chin: 0883) announced today that on 12 July, a smaller oil located in the Bohai Bay leak in Suizhong (SZ)-36-1 oilfield, has occurred. The leaked source was stopped immediately. Until now, the oil shine on the sea surface is effectively deleted is. The remaining scattered oil sheen is now expected to be cleaned up.
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At 1: 30 on 12 July joined SZ 36-1, that oil field due to equipment malfunction was shut down to the central control system. The gas from the aperture spot brought a very small amount of oil into the sea, if the process pressure ventilated. According to first estimates the incident causes oil slick from 0.1 to 0.15 cubic metre, which in about one square kilometre of oil sheen.
After the incident occurred, CNOOC China enabled limited Tianjin Branch immediately cut off the leaked source emergency response procedures and restoring the oil sheen. Until now, equipment error has been fixed.
The company will continue the manufacturing operations to monitor its oil fields. To all oil spill incidents happens to avoid in the future, the company is further risk management measures in accordance with the notice strengthen administration, the offshore-oil producers, issued by the State Oceanic thoroughly investigate spill risks and review their contingency planning requires.
SZ36-1 is an independent oil field of the company. CNOOC China limited Tianjin Branch is responsible for its day-to-day operations and management.
Notes to editors:
More information about the company are available under http://www.cnoocltd.com.
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of1995, including the statements referring to expected future events, business prospectus or financial results. The words "believe", "Intend", "expect", "expect", "Project", "estimate", "plan", "predict" and similar expressions are to identify such forward-looking statements. These statements are based on assumptions and analyses of the company in terms of its experience and its perception of historical trends, current conditions and expected future developments and other factors the company, which we believe are reasonable under the circumstances. Whether actual results and developments, expectations and forecasts of the company will meet a number of risks and uncertainties which the actual results, performance and results could differ materially from the expectations of the company, including those with fluctuations in prices for crude oil and natural gas, exploration or development activities, capital expenditure requirements, but depends on the business strategy, which highly competitive nature of 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, we see that the company files from time to time with the United States Securities and Exchange Commission stored documents, including our the 2010 annual report on form 20-F on the 29 April 2011 filed.
Consequently, all forward-looking statements in this interim report of these cautionary statements are qualified. The company can not assure that the actual results or developments are expected to be realized, or if substantially realized, that they have the expected impact on the company, its business or operations.
For further inquiries please contact:
Joint Company Secretary and General Manager of the Investor Relations Department
E-Mail: jiangyzh2@cnooc.com.cn
Manager, media / public relations
Ketchum Newscan PR Ltd
E-Mail: sharon.fung@knprhk.com
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