CNOOC Ltd chops capex and production target

Oil price crash and Covid-19 pandemic will hit spending and production, though no production facilities shut down so far

Capex cut: CNOOC Ltd
Capex cut: CNOOC LtdPhoto: AP/SCANPIX
Published 29 April 2020, 10:15Updated 30 April 2020, 05:51
CNOOC LtdAsia & OceaniaEast Asia