CNOOC brings QHD 32-6 on stream successfully

CNOOC Limited (0883) announced today that Qinhuangdao 32-6 oil field (QHD 32-6), which was scheduled for startup in the fourth quarter of 2001, has been brought on stream successfully. QHD 32-6, which was discovered in 1995, is located in the central to northern part of Bohai Bay, 130 km from the city of Tianjin. It holds a recoverable reserve of 103 million barrels net to the company. QHD 32-6 is jointly owned by the company (51%), Texaco (24.5%) and BP (24.5%). The company is the operator. The overall development is expected to complete in 2002. The designed peak capacity of the entire field is over 65,000 barrels per day.

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