CNOOC is targeting net production this year in the range of 700 MMboe to 720 MMboe, with operations in China and elsewhere accounting respectively for 69% and 31%.
CNOOC has officially commissioned China's first offshore carbon capture and storage (CCS) demonstration project in the Pearl River Mouth Basin, 190 km southwest of Hong Kong.
CNOOC is targeting net production this year in the range 650 MMboe to 660 MMboe, of which about 70% will come from the company’s activities in China and 30% elsewhere.