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CNOOC oil production up in Q1 of 2023

CHINESE state-owned oil explorer CNOOC’s total net production was 163.9 million barrels of oil equivalent in the first quarter of this year, an 8.6% increase year-over-year, according to its Operating Result announcement this week.

Yiying Li
CNOOC.jpg

CNOOC.jpg

The oil producer said the net oil production from China rose by 5.5% yearly to 115.3 million BOE, contributed primarily by the newly commissioned oilfields in the Bohai Sea and the South China Sea. ...

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