Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 883) Voluntary Announcement

The Company received a notice today issued by the MOF regarding the increase of the threshold of the special oil income levy. Pursuant to this notice, the threshold of the special oil income levy has been increased to US$55 per barrel with effect from 1
November 2011.
This announcement is made by the Company on a voluntary basis.
CNOOC Limited (the "Company") received a notice today issued by the Ministry of Finance of the People's Republic of China (the "MOF") regarding the increase of the threshold of the special oil income levy (Cai Qi [2011] No. 480) (the "Notice"). Pursuant to the Notice, as approved by the State Council, the MOF has decided to increase the threshold of the special oil income levy to US$55 per barrel with effect from 1 November 2011. Notwithstanding such adjustment, the special oil income levy will continue to have 5 levels and will be calculated and charged according to the progressive and valorem rates on the excess amounts. The levy will be calculated on a monthly basis and collected on a quarterly basis. Details of the level of the levy are as follows:

Crude oil prices (US$/barrel)

Level of levy

55-60 (inclusive)

20%

60-65 (inclusive)

25%

65-70 (inclusive)

30%

70-75 (inclusive)

35%

Over 75

40%

Following the increase of the special oil income levy threshold, the Notice of the Ministry of Finance on Printing and Issuing the Management Rules on the Imposition of Special Oil Income (Cai Qi [2006] No. 72) shall continue to apply with respect to other issues relating to the collection and management of the special oil income levy.

1

This announcement is made by the Company on a voluntary basis.
By Order of the Board CNOOC Limited Jiang Yongzhi

Joint Company Secretary

Hong Kong, 6 January 2012
As at the date of this announcement, the Board comprises the following:

Executive Directors

Li Fanrong
Wu Guangqi
Non-executive Directors Wang Yilin (Chairman) Yang Hua (Vice Chairman) Zhou Shouwei
Wu Zhenfang

Independent Non-executive Directors

Chiu Sung Hong
Lawrence J. Lau
Tse Hau Yin, Aloysius
Wang Tao

2

distribué par

Ce noodl a été diffusé par CNOOC Limited et initialement mise en ligne sur le site http://www.cnoocltd.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-06 07:29:22 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.

Documents associés
Voluntary Announcement