SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------
FORM 6-K
---------
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For November 18, 2002
CNOOC Limited
(Translation of registrant's name into English)
--------------------------------------------------
65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
(Address of principal executive offices)
--------------------------------------------------
(Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F)
Form 20-F X Form 40-F
--------- ----------
(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
--------- ----------
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A.)
Company Press Release
---------------------
CNOOC LIMITED APPOINTS NEW DIRECTORS
(Hong Kong, November 18, 2002) - CNOOC Limited (the "Company", SEHK: 883;
NYSE: CEO) announced today the appointment of Professor Kenneth Courtis and
Dr. Erwin Schurtenberger as Non-executive Directors of the Company effective
immediately. They replaced Mr. Tso Kai Sum and Mr. Will Honeybourne who sat on
the board on behalf of strategic investors and whose terms now expired.
Professor Kenneth Courtis is Managing Director of Goldman Sachs and Vice
Chairman of Goldman Sachs Asia. Professor Courtis has won numerous prizes and
distinctions for his research and is a respectable adviser on international
economic, financial and investment matters to many corporations around the
world.
Dr. Erwin Schurtenberger was the Ambassador of Switzerland to the People's
Republic of China, the Democratic People's Republic of Korea, the Republic of
Mongolia and Iraq. He has been an independent business advisor to various
multinational corporations and humanitarian aid organizations.
"The management and shareholders of CNOOC Limited are honored to have
Professor Courtis and Dr. Schurtenberger serve on the Board. Their insights
into global economic dynamics, experiences in international affairs and wisdom
of dealing with complex problems will help strengthen the governance of this
rapidly growing petroleum company," commented Mr. Wei Liucheng, Chairman and
Chief Executive Officer of the Company. "The Board also wishes to thank Mr.
Tso and Mr. Honeybourne for their excellent service and contribution.
They will be sorely missed."
Professor Courtis and Dr. Schurtenberger were previously the Company's
International Advisory members.
Attachment 1:
Professor Kenneth S. Courtis
[GRAPHIC OMITTED]
Professor Kenneth S. Courtis is Managing Director of Goldman Sachs and Vice
Chairman of Goldman Sachs Asia. Professor Courtis advises the firm on
economics and strategy throughout the Asia-Pacific region as well as in Europe
and North America.
Professor Courtis has won numerous prizes and distinctions for his research
and is a valued advisor on international economic, financial and investment
matters. He has lectured and written widely on the related fields of
international finance, macro-economic policy, global capital markets and
strategy. He is a prominently quoted commentator on global economic, financial
and political developments.
Professor Courtis has published on major international economic, public
policy, investment and strategy issues and is a frequent guest commentator on
television news programs. He has lectured at Keio and Tokyo universities and
at leading universities in Europe and North America. He serves on the
international Advisory Boards of a variety of leading international firms,
public policy organizations and universities.
After graduating with honors from Glendon College in Toronto, Professor
Courtis received a M.A. in international economics from Sussex University,
England, a M.B.A. in finance and strategy from INSEAD (European Institute of
Business Administration), and a Doctorate, with honors and the highest
distinction, from the Institute of Economic and Political Studies in Paris.
Prior to joining Goldman Sachs, he served as Chief Asia Economist and
Strategist for Deutsche Bank.
Attachment 2:
Dr. Erwin Schurtenberger
[GRAPHIC OMITTED]
Dr. Schurtenberger was the Ambassador of Switzerland to the People's Republic
of China, the Democratic People's Republic of Korea and the Republic of
Mongolia. He joined the Swiss Foreign Services in 1969. Over the years, he
held various diplomatic positions in Bangkok, Hong Kong, Beijing and Tokyo. He
also served as the Ambassador of Switzerland to Iraq.
He has been an independent business advisor to various European
multinationals, American groups and humanitarian aid organizations such as
Credit Suisse Financial Services, Novartis and Bunge. He was the President of
the Swiss-Asia Foundation. He serves on the Boards of ROBERT BOSCH RBint.,
BUHLER GROUP Switzerland, FIRMENICH, SIRE Holding (China infrastructure fund),
CIBA China, WINTERTHUR Insurances (Asia). Dr. Schurtenberger is also a senior
advisor to the China Training Center for Senior Personnel Management
Officials.
He received a Ph.D. Degree in Economics and was trained in political science
and philosophy.
Notes to Editors:
CNOOC LIMITED - BACKGROUND
Incorporated in Hong Kong in August 1999, the Company is the dominant producer
of crude oil and natural gas offshore China. The Company is also one of the
largest independent crude oil and gas exploration and production companies in
the world. As of December 31, 2001, its net proved reserves were 1.8 billion
barrels-of-oil equivalents and its net production totaled 261,379 BOE per day.
The Company has interests in 45 crude oil and gas properties in four major
producing areas: Bohai Bay, Western South China Sea, Eastern South China Sea
and East China Sea. The Company is a major oil and gas company in China with
slightly over 1,000 employees. The Company has become the largest offshore
producer in Indonesia after the acquisition of Indonesian assets.
*** *** ***
This press release contains statements that are not historical facts,
including statements about beliefs and expectations of the directors of the
Company. These forward-looking statements are based on current plans,
estimates and projections, and therefore you should not place undue reliance
on them. Forward-looking statements speak only as of the date they are made,
and the directors of the Company undertake no obligation to update publicly
any of them in light of new information or future events. Forward-looking
statements involve inherent risks and uncertainties. You are cautioned that a
number of important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Such factors include,
but are not limited to, changes of the PRC's economic, political and social
conditions as well as government policies.
*** *** ***
For further enquiries, please contact:
Mr. Xiao Zongwei
CNOOC Limited
Tel: +86 10 8452 1646
Fax: +86 10 8452 1441
E-mail: xiaozw@cnooc.com.cn
Ms. Anne Lui, Ms. Zelda Yung, Ms. Maggie Chan
Ketchum Newscan Public Relations
Tel: 852-3141-8016, 852-3141-8028, 852-3141-8063
Fax: 852-2510-8199
E-mail: anne.lui@knprhk.com
zelda.yung@knprhk.com
maggie.chan@knprhk.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be issued on its behalf
by the undersigned, thereunto duly authorized.
CNOOC Limited
By: /s/ Cao Yunshi
-----------------------------
Name: Cao Yunshi
Title: Company Secretary,
General Counsel and
Senior Vice President
Dated: November 18, 2002