Business
CNOOC Limited Subsidiary Signed EPC on the Zhylyoi Subsoil Area
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with Ministry of Energy of the Republic of Kazakhstan and Joint Stock Company National Company KazMunayGas (KMG).
About this update from Cnooc Limited Class A
[{"type":"text","content":"HONG KONG, June 24, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with Ministry of Energy of the Republic of Kazakhstan and Joint Stock Company National Company KazMunayGas (KMG).","length":441,"tagName":"p"},{"type":"image","alt":"CNOOC Logo (PRNewsfoto/CNOOC Limited)","displaySize":"","headline":null,"caption":"CNOOC Logo (PRNewsfoto/CNOOC Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":372,"url":"https://media.zenfs.com/en/prnewswire.com/f37328db4d3af8a63169162c2c8027b8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/c.UKK2EnlbLE.34z_xN4pw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTY1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f37328db4d3af8a63169162c2c8027b8","width":400,"height":372}},"href":"https://mma.prnewswire.com/media/2051221/CNOOC_Logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Zhylyoi Subsoil Area is located partially in the Atyrau region and partially in the Kazakhstan sector of the Caspian Sea, with an area of approximately 958 square kilometers.","length":178,"tagName":"p"},{"type":"text","content":"According to the terms of the contract, the first stage of the exploration period shall be 9 years. CNOOC Hong Kong Holding Limited and KMG shall each hold 50% interests. The two parties shall establish a joint operating company and act as the operator.","length":253,"tagName":"p"},{"type":"text","content":"— End —","length":12,"tagName":"p"},{"type":"text","content":"Notes to Editors:","length":17,"tagName":"p"},{"type":"text","content":"More information about the Company is available at http://www.cnoocltd.com.","length":75,"tagName":"p"},{"type":"text","content":"*** *** *** ***","length":15,"tagName":"p"},{"type":"text","content":"This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate&...