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HONG KONG, Sept. 27, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Shenhai-1 Phase II Natural Gas Development Project has commenced production.
The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 meters. The main production facilities include a new fixed production platform and 3 centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 million cubic feet of natural gas and 3,931 barrels of condensate per day in 2025.
Mr. Wang Dongjin, Chairman of the Company, said, "The project has successfully overcome the world-class challenge of deep-water high-pressure oil and gas reservoir development. It witnesses effective large-scale conversion of reserves into production from the 'South China Sea trillion-cubic-meters-level gas region', and provides stable supply of clean energy for the economic and social development of South China. In the future, CNOOC Limited will accelerate the development of new quality productivity of marine energy, and strengthen the exploration and development of deep-water oil and gas resources, thereby further contributing to the high-quality development of China's offshore oil industry."
CNOOC Limited holds 100% interest in this project and is the operator.
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Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
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This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects 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 as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.
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.
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For further enquiries, please contact:
Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
HONG KONG, Sept. 27, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Shenhai-1 Phase II Natural Gas Development Project has commenced production.
The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 meters. The main production facilities include a new fixed production platform and 3 centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 million cubic feet of natural gas and 3,931 barrels of condensate per day in 2025.
Mr. Wang Dongjin, Chairman of the Company, said, "The project has successfully overcome the world-class challenge of deep-water high-pressure oil and gas reservoir development. It witnesses effective large-scale conversion of reserves into production from the 'South China Sea trillion-cubic-meters-level gas region', and provides stable supply of clean energy for the economic and social development of South China. In the future, CNOOC Limited will accelerate the development of new quality productivity of marine energy, and strengthen the exploration and development of deep-water oil and gas resources, thereby further contributing to the high-quality development of China's offshore oil industry."
CNOOC Limited holds 100% interest in this project and is the operator.
— End —
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
*** *** *** ***
This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects 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 as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.
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. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CNOOC Limited Brings On-stream Shenhai-1 Phase II Natural Gas Development Project
Mrs Mak and McDull Visit 24 Malls and Markets, Launching Exclusive Themed Premiums and Dining Offers
- The "Hundred Flavours Survey" drew over 6,000 participants, uncovering "unconventional" insights into the eating habits of residents across the city.
- The "Savour the Tastes of Home in Hundred Ways" campaign lets shoppers redeem exclusive Mrs Mak and McDull themed gifts at 24 Link shopping centres and fresh markets, with more than 10,000 gifts up for grabs.
- Shoppers can win an array of "Year-Round" grand prizes, including a year's worth of dining vouchers from the popular chain TamJai Yunnan Mixian and a year's worth of German Pool home appliances.
HONG KONG, June 11, 2026 /PRNewswire/ -- Link has always been closely woven into the fabric of the community, and firmly believes that good food is more than a treat for the taste buds — it is an emotional bridge that connects families and neighbours. Earlier this year, Link visited communities including Wong Tai Sin, Lam Tin, Tuen Mun and Sha Tin to carry out its "Hundred Flavours Survey", exploring local residents' dining preferences in a light-hearted, good-humoured way and mapping out the distinctive "flavour map" of each district. The survey found that Hongkongers hold "unconventional" views on taste, reflecting the persistence of the taste of home across different generations.
Citywide "Hundred Flavours Survey": Uncovering the Dining Habits of Every Neighbourhood
Link collected more than 6,000 responses to its "Hundred Flavours Survey" across 13 districts, capturing Hongkongers' tastes and preferences from home cooking to the full range of sweet, sour, bitter and spicy. The findings revealed that Hongkongers' palates are far from ordinary. Nearly 60% of respondents chose "mild" or "baby spicy (extra-mild)" for rice noodles, while almost 30% opted for "not spicy", reflecting a generally low spice tolerance. On the other hand, nearly half of the respondents said they "can eat bitter flavours", embodying the resilient Hong Kong spirit. District highlights include Tuen Mun having the sweetest tooth, and Tseung Kwan O residents showing the strongest liking for sour flavours.
In fact, Link's shopping centres and fresh markets are deeply connected to the community's diverse flavours, offering over 3,000 dining merchants. Whether shopping for fresh ingredients to cook at home or dining out, residents can enjoy their meals with complete peace of mind.
From today, Link is launching its "Savour the Tastes of Home in Hundred Ways" campaign across 24 shopping centres and fresh markets spanning Hong Kong Island, Kowloon and the New Territories. For the first time, Link is teaming up with much-loved local characters Mrs Mak and McDull. Whether you are cooking at home or eating out, you can always find the most familiar flavours right in the community circle around the corner, satisfying the different tastes of you and your family.
From mid-June, shoppers can collect stamps on purchases at designated shopping centres or fresh markets. Once they have collected the required number of stamps, they can redeem exclusive, limited-edition Mrs Mak and McDull premium gifts — including the "District Delicacy" eco-friendly wood-pulp sponge brush, the "Hundred Flavours Eco Shopping Bag", the "Cool Breeze" mini fan and a range of elegant kitchen utensils, every one of them charming and practical.
In addition, by spending with Octopus on selected days, shoppers can also redeem dining cash vouchers. Beyond the gifts and dining offers, taking part in the games gives shoppers the chance to win a host of year-long prizes, including a year's worth of designated mixian redemption vouchers from popular chain TamJai Yunnan Mixian, and a year's worth of German Pool home appliances, so you can savour all the different flavours of life, every day of the year. This summer, come and discover the "hundred flavours" unique to each district, and find your own "taste of home" at Link's shopping centres and fresh markets.
"McDull Dining Treats": Over 10,000 exclusive themed premiums for grabs
This campaign features a creative tie-up with much-loved local characters Mrs Mak and McDull, who make a delightful "voice-acted" appearance in the campaign video. Through their familiar parent-and-child conversations, the film strikes a chord with audiences around the "taste of home" and the sweet, sour, bitter and spicy of life, while setting the scene for a series of exciting food activities. McDull will make a surprise appearance at selected Link shopping centres from mid-June to meet residents across the districts, and those who follow Link's social media channels can receive limited-edition Mrs Mak and McDull stickers. To deepen community ties further, Link is inviting residents from each district to become "taste guides" during the campaign, sharing through video and social media the eateries they love most and the flavours they miss the most. By bringing together these neighbourhood recommendations of hidden culinary gems, the campaign creates a true "neighbour-to-neighbour" experience that celebrates the very best flavours of every district.
Link has specially curated the "McDull Dining Treats" redemption programme: from mid-June, for every HK$60 spent at participating Link shopping centres during the promotion period, customers can redeem one stamp, and once they have collected the required number of stamps they can redeem limited-edition Mrs Mak and McDull themed gifts. The first phase features an eco-friendly wood-pulp sponge brush designed around Hong Kong food, each printed with a slogan unique to its district, making it especially collectible; other gifts include a multi-purpose reusable bag and a mini fan. The second phase will offer elegant kitchen items such as chopsticks, bowls, plates and soup spoons. With more than 10,000 gifts in total, quantities are limited and offered on a first-come, first-served basis while stocks last — Mrs Mak and McDull fans should not miss out! Link is also partnering with Octopus on a series of spending offers, so keep a close eye on Link's social media channels for announcements.
Take part for a chance to win TamJai Yunnan Mixian dining vouchers
With a string of exciting activities on offer, taking part also gives shoppers the chance to win an array of year-long prizes. The grand prize is a year's worth 365 days of designated mixian redemption vouchers from TamJai Yunnan Mixian, so you can savour a different surprise every day of the year. Other prizes include a year's worth of German Pool home appliances and a year of Ten Ren's Tea bubble milk tea, letting residents enjoy and be rewarded as they eat, doubling the fun.
Flavour online & offline: Digital recipes and exclusive market events
Link will also launch "Weekly Cooking Ideas" on its social media channels, sharing creative and healthy recipes, and will roll out a series of limited-time activities at selected Link fresh markets — making food not just a matter of taste, but a genuine pleasure of everyday life.
Follow McDull and Mrs Mak as they savour the warmth and heartfelt moments of home. Watch now: https://youtu.be/3BDXmq4VhDQ
Exclusive "McDull Fan Meet" Event Details
| Date: | 13, 14, 19, 20, 21 June 2026 |
| Time： | 2pm – 4pm (4 sessions) |
| Venue： | - 13 June 2026 (Saturday)
Tsz Wan Shan Shopping Centre - 14 June 2026 (Sunday)
Cheung Fat Plaza
- 19 June 2026 (Friday)
TKO Gateway - 20 June 2026 (Saturday)
Lok Fu Place - 21 June 2026 (Sunday)
T Town
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Date:
13, 14, 19, 20, 21 June 2026
Time：
2pm – 4pm (4 sessions)
Venue：
- 13 June 2026 (Saturday)
Tsz Wan Shan Shopping Centre - 14 June 2026 (Sunday)
Cheung Fat Plaza
- 19 June 2026 (Friday)
TKO Gateway - 20 June 2026 (Saturday)
Lok Fu Place - 21 June 2026 (Sunday)
T Town
"McDull Dining Treats" Redemption Activities Details
| Campaign & Stamp Collection Period： | 25 June to 16 October 2026 |
| Gift Redemption Period： | 25 June to 16 October 2026 |
| Stamp & Gift Redemption Time： | 11:00am to 8:00pm or refer to individual mall operating hours |
| Activity Locations^： | 24 designated Link shopping centres listed below* |
| Stamp & Gift Redemption Locations： | Customer Service Counter of designated shopping centres |
Campaign & Stamp Collection Period：
25 June to 16 October 2026
Gift Redemption Period：
25 June to 16 October 2026
Stamp & Gift Redemption Time：
11:00am to 8:00pm or refer to individual mall operating hours
Activity Locations^：
24 designated Link shopping centres listed below*
Stamp & Gift Redemption Locations：
Customer Service Counter of designated shopping centres
^The 24 designated participating Link shopping malls include: T Town, Tin Chak Shopping Centre, Tin Yiu Plaza, Butterfly Plaza, Leung King Plaza, Tai Wo Plaza, Tai Yuen Shopping Centre, Choi Yuen Plaza, Wo Che Plaza, Chung On Shopping Centre, Lok Fu Place, Temple Mall, Tsz Wan Shan Shopping Centre, Kai Tin Shopping Centre, Sau Mau Ping Shopping Centre, Lei Yue Mun Plaza, TKO Gateway, TKO Spot, Homantin Plaza, Nam Cheong Place, Fu Tung Plaza, Yat Tung Shopping Centre, Cheung Fat Plaza and Siu Sai Wan Plaza.
*Redemption activities of Yat Tung Shopping Centre will commence in the middle of August
Photos Download: https://bit.ly/3QupYyY
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About Link Asset Management Limited
Link Asset Management Limited (Link) is a leading, independent, and fully integrated real estate investor and manager focusing on the APAC region. It manages Link Real Estate Investment Trust (Link REIT, Hong Kong stock code: 823), one of the largest REITs in Asia, and its real estate investment portfolio.
Link focuses on its strengths and track record in owning and actively managing shopping malls and car parks in the key markets across Asia Pacific, namely Hong Kong, tier-one cities of the Chinese Mainland, Singapore and Australia. Link is also committed to develop new capital partnerships where Link may co-own and/or manage third party capital, as well as exploring value-add opportunities which provide further diversification and help to enhance returns and unitholder value.
Link aspires to be the trusted partner in APAC real estate sector for unitholders, capital partners, tenants, and the wider communities it serves.
For more information about Link, please visit https://www.laml.com.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Link's "Hundred Flavours" Survey Decodes Hongkongers' Taste DNA -- Tuen Mun Residents Have the Sweetest Tooth, While Hongkongers "Can Eat Bitter" but Shy Away from Spice
