CNOOC Limited Announces the First LNG of Tangguh Project

HONG KONG, July 6 /PRNewswire-Asia/ -- CNOOC Limited (the "Company" or
"CNOOC Ltd.", NYSE: CEO; SEHK: 0883) announced today that Tangguh LNG project,
which the Company holds about 13.9% interest, has shipped its first commercial
cargo, representing the successful commencement of this world-class LNG
project.
(Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg )
Tangguh LNG is Indonesia's third largest LNG center. It comprises the
development of six gas fields within the three PSC areas: Berau, Muturi and
Wiriagar in Papua Barat.
Production facilities of Tangguh LNG phase I include two platforms and one
LNG plant.
Mr. Yang Hua, President of the Company said: "The successful startup of
Tangguh project is a remarkable achievement for a project of this scale. We
are glad to see that the project has started to contribute to the company' s
business line."
Tangguh project is operated by BP Indonesia with a 37.16% interest. Other
partners are MI Berau B.V. (16.3%), Nippon Oil Exploration (Berau) Ltd.
(12.23%), KG Berau/KG Wiriagar (10%), LNG Japan Corporation (7.35%) and
Talisman (3.06%).
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 2008
Annual Report on Form 20-F filed on May 8, 2009.
For further enquiries, please contact:

Mr. Xiao Zongwei
Joint Company Secretary
and General Manager of Investor Relations Department
CNOOC Limited
Tel: +86-10-8452-1646
Fax: +86-10-8452-1441
Email: xiaozw@cnooc.com.cn

Ms. Sharon Fung
Ketchum Newscan Public Relations Ltd
Tel: +852-3141-8082
Fax: +852-2510-8199
Email: Sharon.fung@knprhk.com

SOURCE CNOOC Limited

Mr. Xiao Zongwei, Joint Company Secretary and General Manager of Investor
Relations Department of CNOOC Limited, +86-10-8452-1646, fax, +86-
10-8452-1441, xiaozw@cnooc.com.cn; Ms. Sharon Fung of Ketchum Newscan Public
Relations Ltd, +852-3141-8082, fax, +852-2510-8199, Sharon.fung@knprhk.com for
CNOOC Limited