SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For March 28, 2006
CNOOC Limited
(Translation of registrant's name into English)
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65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
(Address of principal executive offices)
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(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
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(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
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(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
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CNOOC Ltd Finds New Oil Deposit in Bohai Bay Again
(Hong Kong, March 28, 2006) - CNOOC Limited (NYSE: CEO, SEHK: 883, "the
Company") announced today that it has made a new independent discovery,
Bozhong (BZ) 28-2S in the Bohai Bay with the completion of wildcat BZ28-2S-1.
The discovery well BZ28-2S-1 is located on Structure BZ28-2S in the Yellow
River Mouth Sag of central southern Bohai Bay. The well hit its target depth
of 2,125 meters, with water depth of about 22 meters.
The drilling activities commenced in February 2006. The well penetrated oil
pay zones with total thickness of 85 meters and gas sections with total
thickness of 8 meters.
Two drill stem tests were conducted over two intervals with a combined flow
rate of about 1,900 barrels of oil and 2 million cubic feet of gas per day via
7.94mm and 12.7mm chokes, respectively. Further appraisal work will be
conducted to evaluate the commercial value of the discovery.
Mr. Zhu Weilin, Vice President of the Company and General Manager of
exploration department commented, "I am pleased to declare the exciting
progress of our exploration in the Bohai Bay. It is initially estimated that
BZ28-2S is one of the largest discoveries among those made in the Bohai Bay in
recent years."
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Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
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This press release contains statements that are not historical facts,
including statements about beliefs and expectations of the directors of the
Company on the Company and its development and future plans. These
forward-looking statements reflect the directors' current views with respect
to future events and are not a guarantee of future performance, and therefore
shareholders and potential investors should not place undue reliance on them.
The directors of the Company undertake no obligation to update or revise
publicly any of these forward-looking statements, whether in light of new
information, future events or otherwise. Forward-looking statements involve
inherent risks and uncertainties. Shareholders and potential investors are
cautioned that a number of 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 in the Chinese economic, political
and social conditions and government policies and in the oil and gas industry.
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For further enquiries, please contact:
Mr. Xiao Zongwei
General Manager of Investor Relations
CNOOC Limited
Tel: +86-10-8452-1646
Fax: +86-10-8452-1441
E-mail: xiaozw@cnooc.com.cn
Ms. Sharon Fung
Ketchum Newscan Public Relations Ltd
Tel: +852-3141-8082
Fax: +852-2510-8199
E-mail: Sharon.Fung@knprhk.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report on Form 6-K to be signed
on its behalf by the undersigned, thereunto duly authorized.
CNOOC Limited
By: /s/ Cao Yunshi
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Name: Cao Yunshi
Title: Company Secretary
Dated: March 28, 2006