CNOOC Ltd’s solid Q1

摘要

China’s state-owned CNOOC Ltd says it has had a good Q1 2017 with a strong rise in revenue despite a slight dip in production. For Q1 2017, the company achieved total net production of 119.1m boe, representing a decrease of 4.2 year-on-year (YoY), mainly due to the natural decline of the producing oil and gas fields.