CNOOC Ltd powers ahead with more spending for higher production. Photo: CHINA STRINGER NETWORK

CNOOC Ltd ramps up 2022 budget as it targets higher production

The company has budgeted $14 billion - $15.6 billion for spending in 2022, of which 98% will go to upstream E&P

13 January 2022 10:33 GMT Updated  13 January 2022 10:34 GMT
 in    Singapore