CNOOC chops budget by 15% to cope with low oil price

State-owned player says annual production target remains unchanged

Cost cutting: CNOOC battles challenging market — Cost cutting: CNOOC battles challenging marketPhoto: REUTERS/SCANPIX

Xu Yihe

Singapore

Wang Dongjin China National Offshore Oil Corp China CNOOC CNOOC Ltd

Published 8 April 2020, 06:59Updated 8 April 2020, 06:59