Production Resumed at CNOOC's BoZhong Oilfileds

- Production Resumed at CNOOC's BoZhong Oilfileds

Monday, July 25, 2011
CNOOC Ltd.

CNOOC announced that, BoZhong 28-2 South (BZ 28-2S) oilfields which suspended operation in this April due to a malfunction occurred on the Single Point Mooring System, has restarted production.

Currently the operation in BZ 28-2S oilfields is running smoothly. The production capacity of the oil fields has recovered to the level before the incident, reaching approximately 39,000 barrels of oil per day.

In April 2011, due to rough sea conditions, a malfunction occurred on the single point mooring system of the Floating, Production, Storage and Offloading (FPSO) vessel Haiyangshiyou 102 serving in BZ 28-2S oilfields. Operations were immediately shut down at the oilfields.

After the incident, the Company worked out a recovery plan of the oilfields and implemented it in a timely manner.

BZ 28-2S oilfields, located in Bohai Bay, are composed of four fields, including BZ 28-2 S, BZ 28-2 SN, BZ 34-1N and BZ 29-4. The Company owns 100% interest of the oilfields and acts as the operator.

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Production Resumed at Leni's Eugene Platform

- Production Resumed at Leni's Eugene Platform

Thursday, June 09, 2011
Leni Gas & Oil plc

Leni Gas & Oil announced resumption of production from the Eugene Island-184 ("EI-184") platform in the Gulf of Mexico.

Production operations were resumed safely on June 3, 2011 at the EI-184 facilities following the transfer of operatorship to Marlin Energy LLP ("Marlin") as previously announced in late May. All previously active wells (A1, A3, A4, A5 and A8) were returned to production and operational reporting to the Joint Venture partners has now been resumed.

During the initial five day ramp up period; gross physical production has averaged 1,199 mcfpd and 402 bopd (609 boepd). Once downtime is accounted for, this equates to an average daily rate of approximately 922 boepd. LGO holds a 7.25% working interest in the EI-184 field.

Early indications are that production has been re-established at higher than pre-shut down levels, however, stabilized rates are not yet available and some flush production after a 60 day shut-in period would be expected.

Neil Ritson, LGO's Chief Executive, commented, "We are pleased that production and revenue has been restored so quickly and that all the wells have come back on-line after the shut-down. We now look forward to working with the new operator to plan for sidetracking and recompleting wells in the field to increase production."

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