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 busiest year since slump CNOOC plans busiest year since slump CNOOC plans busiest year since slump CNOOC plans busiest year since slump CNOOC plans busiest year since slump

CNOOC plans busy year

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.