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CNOOC Limited Successfully Withstands Super Typhoon “Yagi” By Investing.com

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Hong Kong, September 14, 2024 /PR Newswire/ — CNOOC Corporation (NYSE:) Limited Hong Kong Heavy Industries Limited (hereinafter referred to as the “Company”, HKEX: 00883 (HKD counter) and 80883 (RMB counter), HKEX: 600938) announced today that thanks to the Company’s continued focus on safety and environmental protection performance, as well as mature typhoon response measures, Super Typhoon Yagi did not cause any casualties or oil spills.

Typhoon Yagi affected the eastern and western regions of the country South China SeaBefore the hurricane hit, the company activated its hurricane emergency plan. Employees working on offshore platforms were immediately evacuated. A total of 289 helicopters and 51 ships were mobilized to safely evacuate more than 8,600 offshore workers in advance, effectively ensuring their health and safety. At the same time, the company activated hurricane mode on offshore platforms where appropriate so that operations could be controlled remotely during hurricanes, to maintain oilfield production and reduce production losses.

Upon Typhoon Yagi’s arrival, strong winds of 17 or greater were observed in some operating areas. The company’s offshore facilities generally withstood the test of the super typhoon, and no injuries or major property damage were reported.

Mr. Zhou Xinhuai, CEO and President of the company, said,Sinopec Co., Ltd. The company adheres to the core values ​​of “Safety First, Care for the Environment, Focus on People, and Maintain Equipment Safety”. The safety of our employees has always been our top priority. We have successfully weathered the storm of Typhoon Yagi. At present, employees are returning to work in an orderly manner and resuming production at oil and gas fields. We will resume normal production as soon as possible, and are optimizing our production plans, so that we can meet our annual production target.”

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Notes to editors:

More information about the company is available at http://www.cnoocltd.com.

This press release contains forward-looking information, including statements regarding potential future developments in the business of the Company and its subsidiaries, such as anticipated future events, business prospects or financial results. The words “anticipate,” “expect,” “continue,” “estimate,” “target,” “continue,” “may,” “will,” “expect,” “should,” “believe,” “plan,” “intend” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company to date in light of its experience and understanding 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 Company’s current expectations and projections is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those related to price fluctuations, macroeconomic and political factors, changes in tax and fiscal regimes in host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company’s price expectations, exploration and development activities, merger, acquisition and divestment activities, health, safety, security, environmental and insurance policies and changes in anti-corruption and anti-corruption laws.scamAnti-Money Laundering and Corporate Governance Laws.

Accordingly, all forward-looking statements contained in this press release are subject to these cautionary statements. The Company cannot guarantee that anticipated results or developments will be achieved, or that even if they are achieved, they will have the expected impact on the Company, its business or operations.

For further inquiries, please contact:

Ms. Coy LiuMedia and Public Relations
Sinopec Co., Ltd.
Phone: +86-10-8452-6641
Fax: +86-10-8452-1441
Email: mr@cnooc.com.cn

Mr. Build meBorda Havas International Financial Communications Group
Phone: +852 3150 6707
Fax: +852 3150 6728
Email: cnooc.hk@pordahavas.com

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