CNOOC appoints president

CNOOC Ltd has appointed Mr Zhou, Shouwei, former Executive Vice President of the Company, as the President of CNOOC Ltd, effective immediately. Mr Zhou replaces Mr Fu, Chengyu, who is moving to CNOOC Services Ltd, a subsidiary of CNOOC, as the Chairman and CEO. Mr Zhou, aged 51, was appointed as an Executive Director and Executive
Vice President of the Company in September 1999. An experienced veteran in E&P operations and development, he was the President of China Offshore Oil Bohai Corporation. He joined CNOOC in 1982. He is currently also a Vice President of CNOOC Group. Mr Fu will remain as an Executive Director of the Company.

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