Focus

CNOOC Ltd sets course to double its reserves

Company will need to make huge new discoveries to hit ambitious seven-year target and take on more expensive and riskier projects

Production objectives: CNOOC Ltd is aiming to add significantly to its offshore oil and gas output over the next decade
Production objectives: CNOOC Ltd is aiming to add significantly to its offshore oil and gas output over the next decadePhoto: REUTERS/SCANPIX
  • Xu Yihe
Beijing
ChinaChina FocusCNOOCCNOOC LtdSouth China Sea
Published 13 March 2019, 17:04Updated 13 March 2019, 20:48