Learn mandarin - CNOOC saw a 45% growth in revenue

Home Business Politics Life Culture��Edu Sci��Tech Sports Photos

��Search

  China Observer

�� Chinese "self expression" on the rise

�� World manned spaceflight embraced a triangular balance of power

�� Women entrepreneurs have stronger leadership

  Photos

�� China's Lotus Award dancing contest opened

�� China's eight major operas staged

�� Women's 10 meter Synchronised platform diving

��Home>>Business

CNOOC saw a 45% growth in revenue

www.chinanews.cn 2005-11-01 15:07:34

Chinanews, Beijing, Oct 31 (By Jia Quanxin) - The performance report of
China National Offshore Oil Corp. (CNOOC) shows that in the first three
quarters of 2005, CNOOC's daily net output in China's maritime territory
reached 385,091 barrels, up 15.2% year on year. Sales revenue of oil and
gas recorded 39.49 billion yuan (USD4.87 billion), up 44.8% year on year.
In the first nine months of 2005, CNOOC's daily net output reached
427,414 barrels, while the figure was 404,571 barrels in last year's
comparable period. The daily net output in China's maritime territory
rose to 388,060 barrels, a growth of 6.8% year on year.
From Jan. to Sep., CNOOC's average oil price achieved USD52.40 per
barrel, rising more than 30% year on year. Its average gas price reached
USD2.94 per thousand cubic feet, up 2.2% year on year.
In the third quarter, CNOOC made three new discoveries in China's
maritime territory, successfully evaluated four oil and gas structures,
and put Bozhong 25-1/25-1S oilfield and Naobao 35-2 oilfield into
operation as scheduled.
As a listed company in Hong Kong and New York, CNOOC now possesses four
major oil production areas, namely Bohai Bay, east and west of South
China Sea, and the East China Sea. CNOOC is also the biggest maritime
crude oil producer of Indonesia and owns some upper stream assets in
Australia and other areas. Its gross assets total 94.1 billion yuan.

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

Learn Chinese, Learn mandarin