Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
CNOOC maintains 340 mln BOE output target for 2012

May. 28, 2012 (China Knowledge) - CNOOC Ltd<0883>, the largest offshore oil company in China, last Friday said it will maintain an annual output target between 330 million and 340 million barrels of oil equivalent or BOE this year, said Board Chairman Wang Yilin.

Although there is no timetable to resume production at the company's Bohai Bay field, CNOOC is confident to meet the annual target, Wang added. Last year, the state-owned oil giant's output was 331.8 million BOE.

In the first quarter of 2012, CNOOC produced 79.8 million BOE, less than 85.4 million BOE it realized in the corresponding period of 2011, principally dragged down by halted production at the Penglai 19-3 field.

In addition, CNOOC and Husky Energy, a Canadian oil company, are exploring for gas on the Liwan project in the South China Sea. The project might be China's biggest offshore deposit, sources reported.  

CNOOC Chairman Wang Yilin has also met Hong Kong billionaire Li Ka-Shing, the single-largest shareholder in Husky Energy to accelerate the development of the Liwan project.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved