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Significant Progress on Compensation for Marine Ecological Damage Caused by Penglai 19-3 Oil Spill Accident

HONG KONG April 27, 2012 People’s Republic of China

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RMB 1.683 billion RMB 1.09 billion RMB 0.48 billion RMB 0.113 billion

The Company will continue to support and assist COPC to deal with the subsequent issues.

Notes to Editors:

http://www.cnoocltd.com

the People’s Republic of China April 20, 2012

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the actual results or developments anticipated will be realized or, even if substantially realized, that they will have the expected effect on the Company, its business or operations.

For further enquiries, please contact:

[email protected]

[email protected]

Angela Hui

[email protected]

SOURCE CNOOC Limited

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