SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For October 28, 2004
CNOOC Limited
(Translation of registrant's name into English)
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65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
(Address of principal executive offices)
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(Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A.)
Company Press Release
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Dr. Mark Qiu, CFO, to Leave CNOOC by Early Next Year
(Hong Kong, 28 October 2004) CNOOC Limited ("CNOOC" or the "Company", NYSE
"CEO", SEHK "883") announces that the Chief Financial Officer and senior Vice
President, Dr. Mark Qiu, has informed the board of his decision not to further
renew his employment contract when it runs out early next year. He will retire
from the Company to pursue other personal interests. The Company will appoint
his replacement in due time.
In his letter to the board expressing his desire to leave, he states, "It has
been a privilege and honor to serve you all. I have seen my mission through, job
done. With its progressive leadership, improved systems and solid market
experiences, the company is on an easier sail that my further services could add
little. It is the right time for me to step aside for other talents to make more
pertinent contributions. There isn't any external and internal pressure to the
decision. It mere is my personal recognition that my mission is completed." He
further commented, "I am extremely grateful for all the help received during the
past years from friends, colleagues and shareholders. It was your invaluable
support that made CNOOC today. I have been lucky to have you all."
Dr. Qiu was the first like-kind hire by CNOOC and any other state-owned
industrial enterprises in China. He will have been with the company for four
years. His tenure with the Company coincided with CNOOC's transformation to a
public company. While the board regrets his decision, the members are highly
complimentary of his services. Mr. Fu Chengyu, the Chairman and CEO of the
Company, commented, "Mark is a quality person. He did a great job at the
company. He left positive impact in many areas of the company's performance. He
has helped improve the company tremendously. While we hate seeing him go, we
respect his personal decision on his career development. The model of reaching
the global talent pool evidenced in his hiring was a success and will be
continued at CNOOC."
"Dr. Qiu has provided great services to the shareholders of the company. He has
an extraordinary talent to reconcile Chinese thinking-behavior patterns with
Western ones. What strikes me most is his fine mix of tough business behavior
and unshakable principles of ethics, with honesty, integrity, and accountability
being his key values. He has applied these vigorously to help enhance
shareholder values. His professionalism, leadership and drive set a new standard
for an emerging generation of professional management in China. We are confident
that this tradition will continue at CNOOC and elsewhere," commented Dr. Erwin
Schurtenberger, an independent director of the company.
"CNOOC is on the right track and has the right strategy. While we will continue
to improve, our systems and processes are in place to ensure effective
execution. We will continue to focus on growth, performance and shareholder
value," said Mr. Fu.
End
Notes to Editors:
CNOOC LIMITED - BACKGROUND
Incorporated in Hong Kong in August 1999, CNOOC Limited (SEHK: 883; NYSE: CEO)
is the dominant producer of crude oil and natural gas offshore China. CNOOC
Limited is also one of the largest independent crude oil and gas exploration and
production companies in the world.
As of December 31, 2003, its net proved reserves were 2.1 billion barrels-of-oil
equivalents.
CNOOC Limited is currently engaged in exploration, development and production in
four major areas offshore China, which cover Bohai Bay, Western South China Sea,
Eastern South China Sea and East China Sea. The Company is also one of the
largest offshore crude oil producer in Indonesia.
The Company has about 2,447 employees.
CNOOC LIMITED - RELATIONSHIP WITH ITS PARENT COMPANY
CNOOC Limited, incorporated in Hong Kong, is a 70.6% held subsidiary of China
National Offshore Oil Corporation ("CNOOC"). CNOOC Limited is the sole vehicle
through which CNOOC carries out oil and gas exploration, development, production
and selling activities offshore China and internationally.
CNOOC, the parent company, is involved in the administrative, research, and
services functions for the China offshore petroleum industry as well as other
mid- or downstream petroleum projects.
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This press release contains statements that are not historical facts, including
statements about beliefs and expectations of the directors of CNOOC Limited (the
Company). These forward-looking statements are based on current plans, estimates
and projections, and therefore you should not place undue reliance on them.
Forward-looking statements speak only as of the date they are made, and the
directors of the Company undertake no obligation to update publicly any of them
in light of new information or future events. Forward-looking statements involve
inherent risks and uncertainties. You are cautioned that a number of important
factors could cause actual results to differ materially from those contained in
any forward-looking statement. Such factors include, but are not limited to,
changes in PRC economic, political and social conditions as well as government
policies.
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For further enquiries, please contact:
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Mr. Xiao Zongwei Ms. Sharon Fung/Ms. Queenie Tsao
CNOOC Limited Ketchum Newscan Public Relations
Tel: +86 10 8452 1646 Tel: 852-3141-8082/852-3141-8028
Fax: +86 10 8452 1648 Fax: 852-2510-8199
E-mail: xiaozw@cnooc.com.cn E-mail: sharon.fung@knprhk.com
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queenie.tsao@knprhk.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report on Form 6-K to be signed on
its behalf by the undersigned, thereunto duly authorized.
CNOOC Limited
By: /s/ Cao Yunshi
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Name: Cao Yunshi
Title: Company Secretary
Dated: October 28, 2004