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 March, 2007
Commission
File Number 1-14966
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CNOOC
Limited
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(Translation
of registrant’s name into English)
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65th
Floor
Bank
of China Tower
One
Garden Road
Central,
Hong Kong
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
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Form
20-F X Form
40-F ___
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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.
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Yes
___ No
X
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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/
Victor Zhikai Gao
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Name:
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Victor
Zhikai Gao
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Title:
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Company
Secretary
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Dated:
March 20, 2007
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Press
release dated March 19, 2007, entitled “CNOOC Ltd. Made New Exploration
Progress in Bohai Bay.”
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Item
1
FOR
IMMEDIATE RELEASE
CNOOC
Ltd. Made New Exploration Progress in Bohai Bay
(Hong
Kong, March 19, 2007) - CNOOC Limited (NYSE: CEO, SEHK: 883, “the Company")
announced today its new independent discovery, Bozhong (BZ) 28-2E, indicating
a
new progress in the Company’s exploration in the Yellow River Mouth Sag of Bohai
Bay.
BZ28-2E
is
located between BZ 28-1 and BZ 28-2S oil fields in Bohai Bay.
The
discovery well BZ 28-2 E-1 is located in the south of Structure BZ 28-2E
in the
Yellow River Mouth Sag. The well penetrated oil pay zones with total
thickness
of 35 meters and gas sections of 35 meters. The well was drilled to a
total
depth of 2,575 meters with
water
depth of about 20 meters.
During
the
drill stem test, the well was tested to flow at an average rate of 1,600
barrels
of oil per day from the oil zones via 7.14mm and 14.29mm chokes, and
approximately 10 million cubic feet of gas per day from the gas layer
via 15.08
mm choke.
Mr.
Zhu
Weilin, Vice President of the Company and General Manager of the Exploration
Department commented, “I am happy to declare this exciting result in our
exploration. Since 2006, CNOOC Ltd. has made 4 discoveries in the Yellow
River
Mouth Sag of Bohai Bay. We hope to develop a large-scale cluster of oil
and gas
fields in the future.”
-
End
-
Notes
to Editors:
More
information about the Company is available at http://www.cnoocltd.com.
***
***
*** ***
This
press
release contains statements that are not historical facts, including
statements
about beliefs and expectations of the directors of the Company on the
Company
and its development and future plans. These forward-looking statements
reflect
the directors’ current views with respect to future events and are not a
guarantee of future performance, and therefore shareholders and potential
investors should not place undue reliance on them. The directors of the
Company
undertake no obligation to update or revise publicly any of these
forward-looking statements, whether in light of new information, future
events
or otherwise. Forward-looking statements involve inherent risks and
uncertainties. Shareholders and potential investors are cautioned that
a number
of factors could cause actual results to differ materially from those
contained
in any forward-looking statement. Such factors include, but are not limited
to,
changes in the Chinese economic, political and social conditions and
government
policies and in the oil and gas industry.
***
***
*** ***
For
further enquiries, please contact:
Mr.
Xiao
Zongwei
General
Manager of Investor Relations
CNOOC
Limited
Tel:
+86-10-8452-1646
Fax:
+86-10-8452-1441
E-mail:
xiaozw@cnooc.com.cn
Ms.
Carol
Wong
Ketchum
Newscan Public Relations Ltd
Tel:
+852-3141-8098
Fax:
+852-2510-8199
E-mail: carol.wong@knprhk.com