CNOOC Sets More Ambitious Business Targets for 2004

摘要

@@ CNOOC Limited released its 2004 business plan on January 15,setting the annual target to raise the net production offshore China to approximately 118-123 million BOE (barrels of oil equivalent).The company continued with strong momentum of fairly rapid growth. Its total oil and gas production reached 37.63 million tons of oil equivalent in 2003, a 6.48% increase compared with the previous year. The domestic oil production is 22.24 million tons and natural gas production is 3.77 billion cubic meters.