Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam
Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam

China Oilfield Services faces tough 2016 amid continuing oil slump, cuts to customer’s exploration budgets

Exploration budget cuts by CNOOC are expected to negatively impact sister company Cosl

Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam
Li Fanrong, CEO, CNOOC Limited, speaks at the Company's 2016 Business Strategy and Development Plan preview press conference, held at Conrad Hong Kong hotel, Admiralty. 19JAN16 SCMP/Nora Tam
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