Exploration

CNOOC Ltd expects higher production in 2022 on increased budget

The company has budgeted $14 billion-$15.6 billion for spending in 2022, of which 98% will go to upstream E&P

New production: first gas started last year at the Lingshui play in the South China Sea via the Deepwater 1 platform
New production: first gas started last year at the Lingshui play in the South China Sea via the Deepwater 1 platformPhoto: CNOOC LTD
  • Xu Yihe
Singapore
China Focus 2022ChinaChina National Offshore Oil CorporationCNOOC LtdAsia & Oceania
Published 17 March 2022, 16:00Updated 17 March 2022, 16:51