CNOOC Ltd to boost E&P spending as it targets oil and gas output drive

Chinese offshore operator aims to raise offshore exploration and production budget to up to 100 billion yuan in 2021

New budget: CNOOC Ltd is to increase spending for offshore E&P — New budget: CNOOC Ltd is to increase spending for offshore E&PPhoto: REUTERS/SCANPIX

Xu Yihe
Amanda Battersby

Singapore/Dubai

China South China Sea Xu Keqiang CNOOC Ltd Asia & Oceania

Published 4 February 2021, 10:16Updated 4 February 2021, 10:16