CNOOC’s oil and gas reserves have hit a new record high, and CNOOC people are amazing!
On March 21, the reporter learned from China National Offshore Oil Corporation (CNOOC) that the Company released its 2018 annual performance report. CNOOC steadily increased oil and gas reserve and production. The annual net oil and gas production reached 475 million barrels of oil equivalent, and continued to maintain cost competitive advantages. The main cost of barrel oil continued to decline year on year, creating a record of five consecutive years of cost reduction. By the end of 2018, the companys net proven reserves reached 4.96 billion barrels of oil equivalent, hitting a new record high, and the resource base for sustainable development in the future will be more solid. In the next step, CNOOC has formulated a strategy for deepwater development in the South China Sea. It plans to b
CNOOC’s oil and gas reserves have hit a new record high, and CNOOC people are amazing! Read More »