CNOOC Limited Announces BD Gas Field in Indonesia Commences Production

August 1, 2017

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the BD gas field in Indonesia has already commenced production.

The BD gas field is located in Madura Strait at a water depth of approximately 55 meters. Main production facilities included one unmanned wellhead platform, one FPSO and four production wells. Currently, the gas field has 2 wells in production and its gas and condensate sales production is approximately 7,200 barrels oil equivalent per day. The gas field is expected to reach its Overall Development Program designed peak production of approximately 25,500 BOE per day in 2018.

Husky-CNOOC Madura Limited (HCML) is the operator of the Production Sharing Contract (PSC) for the BD gas field. Husky and CNOOC Limited each hold a 40 percent interest in HCML, while the remaining 20 percent interest is held by Samudra Energy.

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