CNOOC Limited announced the Hangingstone project in Canada has already commenced production.
The Hangingstone project, located in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 32 well pairs, water treatment and bitumen flowlines. The project is expected to reach its peak production rate of approximately 20,000 barrels of bitumen per day in 2018.
NEXEN Energy ULC, a wholly owned subsidiary of CNOOC Limited, has a 25% working interest in Hangingstone Project, while Japan Canada Oil Sands Limited (JACOS) holds the remaining 75% working interest and acts as the operator.
More information about the Company is available at http://www.cnoocltd.com.
For further enquiries, please contact:
Mr. Yan Cao
Deputy General Manager, Investor Relations Department
Ms. Iris Wong
Hill+Knowlton Strategies Asia
Tel: +852-2894 6263
Fax: +852-2576 1990