CNOOC capex to rise 5% on 2021 

CHINA’s CNOOC is bucking the trend of peers and planning a rise in spending this year after 2020 production rose 5% despite the pandemic and lowered demand across much of the world. 

CNOOC capex to rise 5% on 2021  CNOOC capex to rise 5% on 2021  CNOOC capex to rise 5% on 2021  CNOOC capex to rise 5% on 2021  CNOOC capex to rise 5% on 2021 

CNOOC partners with Horizon offshore China

Last year's output totalled  528 million barrels of oil equivalent, slightly below the high end of its targeted 530MMboe.