CNOOC's Oil and Gas Output to Reach 290 Million Barrels in 2010
CNOOC's Oil and Gas Output to Reach 290 Million Barrels in 2010
BEIJING--February 5, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The oil and gas output of CNOOC Limited (NYSE:CEO) (Beijing), the listed flagship of China National Offshore Oil Corporation (CNOOC) (Beijing), is expected to reach 275 million to 290 million barrels equivalent in 2010, an increase of 21% to 28% year-over-year. This expected output is calculated based on the crude oil price index of $75 per barrel, while the output estimate for 2009 is corresponding to the crude oil price of $62 per barrel, according to the Operation Strategy and Development Plan 2010, announced by CNOOC Limited on February 2, 2010.
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