CNOOC Ltd signs four concession contracts for exploration blocks offshore Brazil

The contracts were signed for a total of four blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4^th Permanent Concession Offer Cycle, all located offshore Brazil. The total area is approximately 2600 km², with water depths from 600 – 3000 m.

CNOOC Petroleum Brasil Ltda holds 100% interest in block S-M-1813 and is the operator. CNOOC Petroleum Brasil Ltda owns 20% non-operating interests in each of the three blocks of P-M-1737/39/97. Petrobras holds 50% operating interests in P-M-1737/39/97 and Shell holds 30% non-operating interests.