China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP
China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP
Commodities

Chinese energy major CNOOC slashes output targets and project spending amid oil slump

Topic |   Commodities
China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP
China’s dominant offshore oil and gas producer has set an oil and gas output target of 470 million to 485 million barrels of oil equivalent (boe) for this year, two to five per cent lower than last year’s estimated realised output. Photo: AP
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