CNOOC’s net production of oil and gas increased by 9.3% to 362.6 million barrels of oil equivalent as it expanded its reserve base
The CNOOC logo at its booth during the China International Fair for Trade in Services, in Beijing, on Sept. 1, 2022.Chinese offshore oil and gas major CNOC posted record first-half profit on Thursday, boosted by output growth and higher oil prices.
CNOOC’s net production of oil and gas increased by 9.3 per cent to 362.6 million barrels of oil equivalent as it expanded its reserve base. The Enping 21-4 oil field set records for offshore drilling depth, CNOOC added. Well depth there exceeded 9,500 meters, the company said in June.
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