CNOOC Ltd steps back from offshore shale oil despite promising discoveries

Assessment of offshore shale oil resource remains at an early stage

Paving the way: CNOOC Ltd operates acreages at Beibu Gulf where it made its first shale oil discovery.
Paving the way: CNOOC Ltd operates acreages at Beibu Gulf where it made its first shale oil discovery.Photo: REUTERS/SCANPIX
Published 29 August 2022, 09:20Updated 30 August 2022, 15:21