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 May 2010
Commission
File Number 1-14966
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CNOOC
Limited
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(Translation
of registrant’s name into English)
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65th
Floor
Bank
of China Tower
One
Garden Road
Central,
Hong Kong
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
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Form
20-F X Form
40-F ___
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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.
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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): 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.
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CNOOC
Limited
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By:
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/s/
Jiang Yongzhi
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Name:
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Jiang
Yongzhi
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Title:
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Joint
Company Secretary
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Dated:
May 17, 2010
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Press
release dated May 17, 2010, entitled “CNOOC Ltd. Announces the Signing of
Technical Service Contract for Missan Oil Fields in
Iraq”.
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For
Immediate Release
CNOOC Ltd. Announces the Signing of Technical Service Contract for Missan Oil Fields in Iraq
(Hong Kong, May 17,
2010) - CNOOC Limited (“the Company" or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is
pleased to announce today that, the Company, via its wholly owned subsidiary --
CNOOC International Limited, together with Turkish Petroleum Corporation (TPAO),
have signed a technical service contract (“TSC”) for the development and
production of the Missan Oil Fields within Iraq.
The Missan Oil
Fields are located in the southeast of Iraq, about 350 kilometers southeast of
Baghdad.
The TSC has a
contract term of 20 years and the Company has undertaken to increase the daily
production of the Missan Oil Fields to 450,000 barrels within six
years.
The Company will
earn US$ 2.3 per barrel on the incremental oil production once the daily
production has been raised by 10 percent from its current level and will recover
its expenditure through a cost recovery mechanism.
According to the
TSC, the Company acts as the operator and holds 63.75% participating interest
while TPAO holds 11.25%. Iraqi Drilling Company, a local Iraqi company, holds
the remaining 25% in the project.
Mr. Fu Chengyu,
Chairman and CEO of the Company welcomed the signing of the TSC and commented,
“It is a
great pleasure to participate in rebuilding Iraqi’s oil industry together with
TPAO. CNOOC Ltd and its partner will carry out an active investment plan on the
development of the Missan Oil Fields, to increase the production level for the
benefits of all parties.”
TSC will be
effective subject to a few pre-conditions including the approval from
Iraq.
-
End
–
Notes
to Editors:
More information
about the Company is available at http://www.cnoocltd.com.
*** *** ***
***
This press release
includes “forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995, including statements regarding
expected future events, business prospectus or financial results. The words
“believe”, “intend”, “expect”, “anticipate”, “project”, “estimate”, “plan”,
“predict” and similar expressions are intended to identify such forward-looking
statements. These statements are based on assumptions and analyses made by us
that we believe are reasonable under the circumstances. However, whether actual
results and developments will meet our expectations and predictions depend on a
number of risks and uncertainties which could cause our actual results,
performance and financial condition to differ materially from our expectations.
For a description of these and other risks and uncertainties, please see the
documents we file from time to time with the United States Securities and
Exchange Commission, including our 2009 Annual Report on Form 20-F filed on
April 23, 2010.
*** *** ***
***
For further
enquiries, please contact:
Mr. Jiang
Yongzhi
Joint Company
Secretary and General Manager of Investor Relations Department
CNOOC
Limited
Tel:
+86-10-8452-1731
Fax:
+86-10-8452-1441
E-mail:
jiangyzh2@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