CNOOC Ltd set to cut capex by a third

CNOOC Ltd is to slash capital expenditure by around a third in 2015, but still aims to grow production by 10% to 15% this year by focusing spending on field development.

Cautious capital: Li Fanrong says CNOOC Ltd plans prudent appraoch to volatile environment
Cautious capital: Li Fanrong says CNOOC Ltd plans prudent appraoch to volatile environment
Published 3 February 2015, 09:13Updated 17 October 2016, 13:16
Asia & Oceania