16 exploitation projects are expected to become operational between 2005 and 2006, nine of which will be completed this year, a record for the company, marking "a significant year" in CNOOC's production growth.
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China's Offshore Giant Expands LNG Business
China National Offshore Oil Corp intends to consolidate and expand its LNG business
China National Offshore Oil Corp intends to consolidate and expand its LNG business this year.
The company is targeting a 19 per cent jump in oil and gas turnover in 2005, backed by a larger development budget of $2.2 billion, an increase of 33 per cent year-on-year, the company said, adding that this year's exploitation spending has been set at $260 million.
16 exploitation projects are expected to become operational between 2005 and 2006, nine of which will be completed this year, a record for the company, marking "a significant year" in CNOOC's production growth.
16 exploitation projects are expected to become operational between 2005 and 2006, nine of which will be completed this year, a record for the company, marking "a significant year" in CNOOC's production growth.
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