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 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
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
Energy
Business /  Companies

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
Eric Ng
Eric Ng

Updated: 10:39pm, 1 Feb, 2018

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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 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
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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