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 2015
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.
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.
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/ Hua Zhong
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Name:
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Hua Zhong
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Title:
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Joint Company Secretary
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Dated:October 28, 2015
EXHIBIT
INDEX
| Exhibit
No. |
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Description |
| 99.1 |
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Announcement
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| 99.2 |
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Press Release entitled “CNOOC Limited Announces Key Operational Statistics for Q3 2015” |
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Hong Kong Exchanges and Clearing
Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation
as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance
upon the whole or any part of the contents of this announcement.
(Incorporated in Hong Kong with limited
liability under the Companies Ordinance)
(Stock Code: 00883)
ANNOUNCEMENT
| The Board hereby announces certain selected unaudited key operational statistics of the Group for the third quarter of 2015 (ended 30 September 2015). The comparative statistics of the Group for the third quarter of 2014 (ended 30 September 2014) 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 (together the “Group”) for the third quarter of 2015
(ended 30 September 2015). The comparative statistics of the Group for the third quarter of 2014 (ended 30 September 2014) are
also disclosed in this announcement.
The
Company achieved a total net production of 127.5 million barrels of oil equivalent (“BOE”) for the third quarter of
2015, representing a significant increase of 23.8% year over year (“YoY”). Production from offshore China increased
28.2% YoY to 83.3 million BOE, mainly attributable to the production contribution from new projects in Bohai and Eastern South
China Sea. Overseas production increased 16.5% YoY to 44.3 million BOE, mainly because of maintenance at Buzzard oilfield during
the same period last year and new production from Golden Eagle project in the U.K. North Sea.
For
the third quarter of 2015, the Company made three new discoveries and drilled fourteen successful appraisal wells offshore China.
The Caofeidian 6-4 structure was successfully appraised and proved to be a mid-sized oilfield, which marked a significant breakthrough
after several years of oil and gas exploration in western Bohai. The new discovery of Liuhua 21-2 further demonstrated the exploration
potential of Baiyun Sag in Pearl River Mouth basin and is expected to be developed jointly with adjacent oil structures including
Liuhua 20-2 in the area.
On
development and production, the Luda 10-1 oilfield comprehensive adjustment project commenced production during the period. Other
projects were progressed as planned.
The
unaudited oil and gas sales revenue of the Company reached approximately RMB 36.25 billion for the third quarter of 2015, representing
a decrease of 32.3% YoY, mainly due to the significant decrease in the average realized oil price. During the period, the Company’s
average realized oil price decreased 50.7% YoY to US$48.84 per barrel, which mainly due to lower international oil prices. The
Company’s average realized gas price was US$6.41 per thousand cubic feet, representing a decrease of 3.0% YoY.
For
the third quarter of 2015, the Company's capital expenditure reached approximately RMB 14.75 billion (capitalized interests RMB0.34
billion were not included), representing a decrease of 44.0% YoY, mainly because the Company continued cost control and efficiency
improvement efforts and decreased capital expenditures in response to the low oil price environment.
Third
Quarter and Year-to-Date Net Production Summary (Unaudited)*
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2015 |
2014 |
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Q3 |
YTD |
Q3 |
YTD |
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Crude & Liquids |
Natural Gas |
Total |
Crude & Liquids |
Natural Gas |
Total |
Crude & Liquids |
Natural Gas |
Total |
Crude & Liquids |
Natural Gas |
Total |
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(mmbbls) |
(bcf) |
(mmBOE) |
(mmbbls) |
(bcf) |
(mmBOE) |
(mmbbls) |
(bcf) |
(mmBOE) |
(mmbbls) |
(bcf) |
(mmBOE) |
| China |
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| Bohai |
| 45.3 | |
| 12.3 | |
| 47.3 | |
| 128.6 | |
| 37.1 | |
| 134.8 | |
| 36.8 | |
| 12.6 | |
| 38.9 | |
| 107.0 | |
| 38.2 | |
| 113.3 | |
| Western South China Sea |
| 8.1 | |
| 29.5 | |
| 13.1 | |
| 25.1 | |
| 86.5 | |
| 39.9 | |
| 6.8 | |
| 31.3 | |
| 12.2 | |
| 21.8 | |
| 94.8 | |
| 38.1 | |
| Eastern South China Sea |
| 17.8 | |
| 24.3 | |
| 21.8 | |
| 52.0 | |
| 58.7 | |
| 61.8 | |
| 11.7 | |
| 10.5 | |
| 13.4 | |
| 37.6 | |
| 33.3 | |
| 43.1 | |
| East China Sea |
| 0.3 | |
| 4.3 | |
| 1.0 | |
| 0.9 | |
| 13.2 | |
| 3.1 | |
| 0.1 | |
| 2.3 | |
| 0.5 | |
| 0.4 | |
| 7.2 | |
| 1.6 | |
| Subtotal |
| 71.4 | |
| 70.4 | |
| 83.3 | |
| 206.6 | |
| 195.5 | |
| 239.5 | |
| 55.4 | |
| 56.7 | |
| 65.0 | |
| 166.8 | |
| 173.6 | |
| 196.2 | |
| Overseas |
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| Asia (excluding China) |
| 4.0 | |
| 13.0 | |
| 6.3 | |
| 12.3 | |
| 37.3 | |
| 19.0 | |
| 3.5 | |
| 13.1 | |
| 5.9 | |
| 9.4 | |
| 37.8 | |
| 16.3 | |
| Oceania |
| 0.4 | |
| 11.4 | |
| 2.6 | |
| 0.8 | |
| 22.7 | |
| 5.3 | |
| 0.4 | |
| 12.1 | |
| 2.8 | |
| 1.1 | |
| 29.4 | |
| 6.9 | |
| Africa |
| 7.8 | |
| -- | |
| 7.8 | |
| 22.7 | |
| -- | |
| 22.7 | |
| 7.3 | |
| -- | |
| 7.3 | |
| 20.9 | |
| -- | |
| 20.9 | |
| North America (excluding Canada) |
| 5.3 | |
| 12.1 | |
| 7.3 | |
| 15.3 | |
| 35.8 | |
| 21.2 | |
| 5.0 | |
| 10.3 | |
| 6.7 | |
| 13.3 | |
| 28.2 | |
| 18.0 | |
| Canada |
| 4.5 | |
| 5.9 | |
| 5.5 | |
| 12.7 | |
| 19.4 | |
| 16.0 | |
| 4.2 | |
| 10.5 | |
| 6.0 | |
| 12.9 | |
| 32.9 | |
| 18.3 | |
| South America |
| 2.3 | |
| 13.6 | |
| 4.6 | |
| 6.8 | |
| 39.4 | |
| 13.6 | |
| 2.2 | |
| 12.6 | |
| 4.4 | |
| 6.4 | |
| 36.6 | |
| 12.7 | |
| Europe |
| 9.5 | |
| 3.5 | |
| 10.1 | |
| 28.4 | |
| 12.1 | |
| 30.4 | |
| 4.5 | |
| 3.0 | |
| 5.0 | |
| 23.0 | |
| 13.6 | |
| 25.3 | |
| Subtotal |
| 33.8 | |
| 59.5 | |
| 44.3 | |
| 99.0 | |
| 166.7 | |
| 128.1 | |
| 27.2 | |
| 61.4 | |
| 38.0 | |
| 87.1 | |
| 178.4 | |
| 118.4 | |
| Total |
| 105.2 | |
| 129.9 | |
| 127.5 | |
| 305.6 | |
| 362.2 | |
| 367.7 | |
| 82.6 | |
| 118.1 | |
| 103.0 | |
| 253.9 | |
| 352.0 | |
| 314.6 | |
* Including our interest in equity
method investees, which is approximately 4.7 mmBOE in Q3 2015 and 4.4 mmBOE in Q3 2014.
Third
Quarter and Year-to-Date Revenue and Capital Expenditure (Unaudited)
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RMB (million) | |
US$ (million) |
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2015 | |
2014 | |
2015 | |
2014 |
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| Q3 | | |
| YTD | | |
| Q3 | | |
| YTD | | |
| Q3 | | |
| YTD | | |
| Q3 | | |
| YTD | |
| Sales Revenue | |
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| Crude and liquids | |
| 31,608 | | |
| 100,371 | | |
| 49,287 | | |
| 158,110 | | |
| 5,059 | | |
| 16,270 | | |
| 7,999 | | |
| 25,724 | |
| Natural gas | |
| 4,644 | | |
| 12,915 | | |
| 4,281 | | |
| 12,554 | | |
| 743 | | |
| 2,094 | | |
| 695 | | |
| 2,043 | |
| Marketing revenue, net | |
| 338 | | |
| 1,183 | | |
| 544 | | |
| 1,737 | | |
| 54 | | |
| 192 | | |
| 88 | | |
| 283 | |
| Others | |
| 1,131 | | |
| 2,276 | | |
| 943 | | |
| 2,975 | | |
| 181 | | |
| 369 | | |
| 153 | | |
| 484 | |
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| Total | |
| 37,721 | | |
| 116,745 | | |
| 55,055 | | |
| 175,376 | | |
| 6,037 | | |
| 18,925 | | |
| 8,935 | | |
| 28,534 | |
| Capital Expenditures* | |
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| Exploration | |
| 3,591 | | |
| 10,774 | | |
| 5,607 | | |
| 16,888 | | |
| 575 | | |
| 1,746 | | |
| 910 | | |
| 2,748 | |
| Development | |
| 9,337 | | |
| 31,386 | | |
| 17,496 | | |
| 48,478 | | |
| 1,494 | | |
| 5,088 | | |
| 2,840 | | |
| 7,888 | |
| Production | |
| 1,739 | | |
| 5,377 | | |
| 2,973 | | |
| 8,410 | | |
| 278 | | |
| 872 | | |
| 482 | | |
| 1,368 | |
| Others | |
| 86 | | |
| 280 | | |
| 255 | | |
| 622 | | |
| 14 | | |
| 45 | | |
| 41 | | |
| 101 | |
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| Total | |
| 14,753 | | |
| 47,817 | | |
| 26,330 | | |
| 74,399 | | |
| 2,361 | | |
| 7,751 | | |
| 4,273 | | |
| 12,105 | |
* Capitalized interests were not
included. Capitalized interests for Q3 2015 was RMB338 million.
For
the purpose of this announcement, unless otherwise indicated, an exchange rate of US$1 = RMB6.2480 has been used for the third
quarter of 2015, and an exchange rate of US$1 = RMB6. 1616 has been used for the third quarter of 2014, where applicable. The usage
of these exchange rates is for illustration only and does not constitute a representation that any amount has been, could have
been or may be exchanged or converted at the above rates or at any other rate at all.
This announcement is
published on the website of The Stock Exchange of Hong Kong Limited (http://www.hkex.com.hk) and on the Company’s website
(http://www.cnoocltd.com).
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By Order of the Board
CNOOC Limited
Zhong Hua
Joint Company Secretary |
Hong Kong, 28 October
2015
Exhibit 99.2
CNOOC Limited Announces Key Operational
Statistics for Q3 2015
(Hong Kong, October 28, 2015) CNOOC
Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its key operational statistics for the third
quarter of 2015.
In the third quarter, the Company achieved
a total net production of 127.5 million barrels of oil equivalent (BOE), representing a significant increase of 23.8% year over
year (yoy). Net production from offshore China reached 83.3 million BOE, a 28.2% yoy increase, primarily due to the production
contribution from newly commenced projects in Bohai and the Eastern South China Sea. Meanwhile, net production from overseas rose
16.5% yoy to 44.3 million BOE, mainly because of maintenance at the Buzzard oilfield during the same period last year and new production
from the Golden Eagle project in the U.K. North Sea.
During the period, the Company made 3 new
discoveries and drilled fourteen successful appraisal wells in offshore China. The Caofeidian 6-4 structure was successfully appraised
and proved to be a mid-sized oilfield, which represents a significant breakthrough after several years of oil and gas exploration
in western Bohai. The new discovery of Liuhua 21-2 further demonstrated the exploration potential of Baiyun Sag in Pearl River
Mouth basin and is expected to be developed jointly with adjacent oil structures in the area, including Liuhua 20-2. In the third
quarter, the Luda 10-1 oilfield comprehensive adjustment project commenced production, while other projects progressed smoothly.
In the third quarter, the unaudited oil
and gas sales revenue of the Company reached approximately RMB36.25 billion, representing a decline of 32.3% yoy. The Company’s
average realized oil price declined by 50.7% yoy to US$48.84 per barrel, while the average realized natural gas price declined
by 3.0% yoy to US$6.41 per thousand cubic feet.
Facing a low oil price environment, the
Company continued to lower costs and enhance efficiency, in addition to decreasing its full-year capital expenditures.
During the period, the Company reduced its
capital expenditures by 44.0% yoy to approximately RMB14.75 billion.
Mr. Li Fanrong, CEO of the Company commented,
“In the third quarter, the Company made smooth progress in overall business, including exploration, development and production.
Our cost controls and enhanced efficiency measures were executed effectively and achieved remarkable results as we aimed to proactively
respond to the impact of low oil prices. Meanwhile, we are confident that we will achieve our production and operation targets
for the year.”
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 “expect”, “anticipate”,
“continue”, “estimate”, “objective”, “ongoing”, “may”, “will”,
“project”, “should”, “believe”, “plans”, “intends” and similar expressions
are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company
in light of its experience and its perception of historical trends, current conditions and expected future developments, as well
as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments
will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the
actual results, performance and financial condition to differ materially from the Company’s expectations, including but not
limited to those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the
capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule
pursuant to their terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign
operations, environmental liabilities and compliance requirements, and economic and political conditions in the People’s
Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from
time to time with the United States Securities and Exchange Commission, including the 2014 Annual Report on Form 20-F filed on
22 April 2015.
Consequently, all of the forward-looking
statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results
or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the
Company, its business or operations.
***
*** *** ***
For further enquiries, please contact:
Ms. Michelle Zhang
Deputy Manager, Media / Public Relations
CNOOC Limited
Tel: +86-10-8452-6642
Fax: +86-10-8452-1441
E-mail: MR@cnooc.com.cn
Ms. Cathy Zhang
Hill+Knowlton Strategies Asia
Tel: +852-2894 6211
Fax: +852-2576 1990
E-mail: cathy.zhang@hkstrategies.com
