Realised oil prices slid 5.3% from $110.48 to $104.60 perbarrel over the 12-month period.
Chief executive Li Fanrong said that the year had seen CNOOCmake “steady progress in all production and operational activities whilestepping up the pace of its international development”.
The profit drop came despite a substantial hike in theChinese giant’s total net production including equity interests, which soared20.2% year-on-year to 411.7
