CNOOC plans busiest year since slump

CHINA National Offshore Oil Corporation’s 2018 production target is 470-480 million barrels of oil equivalent, with a plan for 64% to be produced in China, as the North West Shelf partner plans for a big year with a focus on development.

CNOOC plans busy year

05 February 2018
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Net production for last year is expected to be 469MMboe, 14MMboe higher than predicted, and planned production for 2019 and 2020 is expected to grow to 485MMboe and 500MMboe respectively.

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