UNITED
STATES
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
the
month of October 2007
Commission
File Number 1-14966
|
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 of Form 20-F or Form 40-F.
|
Form
20-F X Form 40-F
___
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ____
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant 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): Not applicable
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
CNOOC
Limited
|
||||||||
|
Date:
|
October
31, 2007
|
By:
|
/s/ Kang
Xin
|
|||||
|
Name:
|
Kang
Xin
|
|||||||
|
Title:
|
Company
Secretary
|
|||||||
EXHIBIT
INDEX
|
Exhibit
No.
|
Description
|
|
99.1
|
Announcement
dated October 30, 2007.
|
Exhibit
99.1
(Incorporated
in Hong Kong with limited liability under the Companies
Ordinance)
(Stock
Code: 883)
ANNOUNCEMENT
|
The
Board hereby announces certain
selected unaudited key operational statistics of the Group for the
third
quarter of 2007 (ended
30 September
2007). The comparative statistics
for the third
quarter of 2006 (ended
30 September
2006) are also disclosed in this
announcement.
|
The
Board
of Directors
of CNOOC Limited (the
“Company”)
(the “Board”)
hereby announces certain selected
unaudited key operational
statistics of the Company and its subsidiaries (the “Group”)
for the third
quarter of 2007 (ended 30 September
2007). The comparative statistics for
the third
quarter of
2006 (ended 30 September
2006) are also disclosed in this
announcement.
The
Company's unaudited oil and gas
revenue for the third
quarter of 2007 amounted to RMB 18.2 billion
(equivalent to US$2.39
billion). The Company also achieved a
total net daily production of 476,937 barrels
of oil equivalent (BOE), an
increase of 3.8%
from the same period in
2006, which exceeded our
expectation, mainly attributable
to Liuhua 11-1 and overseas production
growth.
In
the third
quarter of 2007, the
Company’s net
production offshore China was
almost flat from
the same quarter last year,
reaching
417,482 barrels of oil equivalent
(BOE) per day.
Crude oil and liquids production offshore China
was 347,627 barrels
per day. Gas production offshore
China
was 407
million cubic feet per day. Net
production overseas was 59,455
BOE per day, an
increase of
43.0%, largely due to
increases of production volume from
NWS LNG project in Australia.
Total
unaudited revenues were RMB18.3 billion (equivalent
to
US$2.41 billion) for the
third quarter of 2007. In
the third quarter of 2007, the
Company’s
realized crude oil price was
US$ 67.37 per barrel,
representing a year-on-year
(“YOY”)
increase of 9.0%. The Company's
realized gas
price was
US$3.42 per thousand
cubic feet, representing a YOY
growth of 1.0%.
In
the third quarter of 2007, SES Gas
Project Phase II
in Indonesia
has started production. On exploration
side, the
Company independently made
one new discovery offshore
China,
namely Panyu 10-2. The
Company also successfully made
eleven
appraisal wells
offshore China
in the third quarter,
which will contribute to our reserve
growth in the near
future.
The
Company’s
development
projects
announced at the beginning of this
year were progressing on
track. The Company's
development capital expenditure increased by
54.6%
to RMB 5,850 million (equivalent to
US$771 million)
,
compared to the same period last year,
due to most
of our major development projects
were
still in process for
the third quarter of 2007.
Meanwhile, exploration
capital
expenditure increased by
42.0%
to RMB1,183
million (equivalent to
US$156 million), compared
to the same period last
year, as a result of
intensified exploration activities.
1
Third
Quarter and Year-to-Date
Production Summary
|
2006
|
2007
|
|||||||||||||||
|
Crude
Oil & Liquids
(b/d)
|
Q3
|
YTD
|
Q3
|
YTD
|
||||||||||||
|
Bohai Bay
|
203,570
|
202,819
|
207,516
|
209,520
|
||||||||||||
|
Western
South China
Sea
|
37,237
|
41,841
|
37,243
|
34,518
|
||||||||||||
|
Eastern
South China
Sea
|
108,620
|
108,010
|
101,378
|
104,159
|
||||||||||||
|
East
China
Sea
|
1,472
|
1,496
|
1,489
|
1,425
|
||||||||||||
|
Overseas
|
21,449
|
21,661
|
25,660
|
25,759
|
||||||||||||
|
Subtotal
(b/d)
|
372,348
|
375,827
|
373,287
|
375,380
|
||||||||||||
|
Natural
Gas
(mmcf/d)
|
||||||||||||||||
|
Bohai Bay
|
54
|
62
|
69
|
68
|
||||||||||||
|
Western
South China
Sea
|
285
|
241
|
287
|
259
|
||||||||||||
|
Eastern
South China
Sea
|
30
|
21
|
28
|
27
|
||||||||||||
|
East
China
Sea
|
17
|
18
|
23
|
24
|
||||||||||||
|
Overseas
|
119
|
112
|
188
|
188
|
||||||||||||
|
Subtotal
(mmcf/d)
|
505
|
454
|
595
|
566
|
||||||||||||
|
Total
Production
(boe/d)
|
459,460
|
454,111
|
476,937
|
473,406
|
||||||||||||
Third
Quarter and Year-to-Date Revenue
and Expenditure
(Unaudited)
|
RMB
millions
|
US$
millions
|
|||||||||||||||||||||||||||||||
|
2006
|
2007
|
2006
|
2007
|
|||||||||||||||||||||||||||||
|
Q3
|
YTD
|
Q3
|
YTD
|
Q3
|
YTD
|
Q3
|
YTD
|
|||||||||||||||||||||||||
|
Sales
Revenue
|
||||||||||||||||||||||||||||||||
|
Crude
oil and
liquids
|
17,180
|
50,793
|
16,789
|
47,642
|
2,154
|
6,336
|
2,214
|
6,199
|
||||||||||||||||||||||||
|
Natural Gas
|
1,202
|
3,063
|
1,366
|
3,735
|
150
|
382
|
180
|
486
|
||||||||||||||||||||||||
|
Marketing
Revenue, net
|
168
|
411
|
106
|
235
|
21
|
51
|
14
|
31
|
||||||||||||||||||||||||
|
Others
|
42
|
84
|
3
|
69
|
5
|
10
|
1
|
9
|
||||||||||||||||||||||||
|
Total
|
18,592
|
54,351
|
18,264
|
51,681
|
2,331
|
6,780
|
2,409
|
6,725
|
||||||||||||||||||||||||
|
Capital
Expenditures
|
||||||||||||||||||||||||||||||||
|
Exploration
|
833
|
1,982
|
1,183
|
3,512
|
104
|
247
|
156
|
457
|
||||||||||||||||||||||||
|
Development
|
3,784
|
14,014
|
5,850
|
17,819
|
475
|
1,748
|
772
|
2,319
|
||||||||||||||||||||||||
|
Total
|
4,617
|
15,996
|
7,033
|
21,331
|
579
|
1,995
|
927
|
2,776
|
||||||||||||||||||||||||
For
the purpose of this announcement,
unless otherwise indicated, an exchange rate of US$1 = RMB7.5833 has been
used for the third
quarter of 2007 and an
exchange rate of US$1 =
RMB7.6853
has been used for
the nine months
ended 30 September 2007, whilst an
exchange rate of US$1 = RMB7.9758 has been used for the third quarter of
2006
and an exchange rate of US$1 = RMB8.0169
has been used for the nine
months ended 30
September 2006, where
applicable, for purpose of illustration only and does not constitute a
representation that any amounts
have been, could have been or may be
exchanged or converted at
the above rates or at any other rate at all.
2
As
at the date of this announcement,
the
Board comprises the
following:
|
Executive
Directors
Fu
Chengyu (Chairman)
Zhou
Shouwei
Wu
Guangqi
Yang
Hua
Non-executive
Directors
Luo
Han
Cao
Xinghe
Wu
Zhenfang
|
Independent
Non-executive
Directors:
Edgar
W. K.
Cheng
Chiu
Sung Hong
Evert
Henkes
Lawrence
J.
Lau
Tse
Hau Yin,
Aloysius
|
|
By
Order of the
Board
CNOOC
Limited
Kang
Xin
Company
Secretary
|
Hong
Kong, 30
October 2007
3