CNOOC Limited (CEO) reported first-quarter total net production of 93.6 million barrels of oil equivalent, representing 17.3% increase year over year, primarily attributable to the production contribution from the acquisition of Nexen Inc., the new oil and gas projects on stream, the resumption of Penglai 19-3 oil field and the overseas projects. Oil and gas sales revenue was approximately RMB 55.31 billion, an increase of 13.3% from last year.
The company's capital expenditure for exploration, development and production reached approximately RMB 14.80 billion for the period, an increase of 53.5% from prior year.
For comments and feedback: editorial@rttnews.com