Press Releases

The Parent of CNOOC Ltd. Starts JV with Shell

Time：2002-11-01: Size：[ Large Medium Small ]

(Hong Kong, November 1st, 2002) - CNOOC Limited (the "Company", SEHK: 883; NYSE: CEO) announced today that its parent company has commenced the building of a world-class petrochemical plant with Royal Dutch/Shell in China.

"The four billion USD plus petrochemical plant joint venture that CNOOC, our parent company, is building with Royal Dutch/Shell is a world-class endeavor", commented Mr. Mark Qiu, CFO of the Company. "CNOOC Limited, however intends to remain in the E&P business."

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CNOOC Limited is a listed company on the Shanghai Stock Exchange and the Hong Kong Stock Exchange with stock codes of 600938 and 00883, respectively. The Company is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Company mainly engages in exploration, development, production and sale of crude oil and natural gas.

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Beijing office:
No.25 Chaoyangmenbei Dajie,
Dongcheng District, Beijing,
100010, P.R. China
Website: www.cnoocltd.com
Registered office:
65/F, Bank of China Tower, 1
Garden Road, Hong Kong