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CNOOC Logs Record High H1 Production and Wind Power Milestone

CNOOC logoCNOOC
Sig2.25Sen+6.60Env+2.80Soc+1.20Gov+0.80

CNOOC posted record first-half results, with net production reaching 398.7 million barrels of oil equivalent, up 3.7% year-on-year. Oil and gas sales revenue rose 20% to 206.1 billion yuan. The company also marked a low-carbon milestone as the Haiyou Anlan tension-leg wind platform connected to the grid, expected to supply 54 million kWh annually to power offshore oilfield operations, and it reiterated its full-year production target.

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