Yuan Guangyu, CEO of China National Offshore Oil Corp (CNOOC), speaks on the company’s production outlook at a briefing in Hong Kong. Photo: Jonathan Wong

China energy giant CNOOC raises output targets and planned exploration spending as oil price recovers

The company sees production of 470 million boe to 480 million boe this year, a rise over earlier projections and the first increase in three years

Topic |   Energy

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Yuan Guangyu, CEO of China National Offshore Oil Corp (CNOOC), speaks on the company’s production outlook at a briefing in Hong Kong. Photo: Jonathan Wong
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