Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> Business>EnterprisesAndProducts
China's CNOOC announces oil, gas output rise 15.2% for Q3
Latest Updated at 2008-October-29 11:02:07
Related News
China's CNOOC announces oil, gas output rise 15.2% for Q3
China Telecom to spread Asian-European services
Chinese-made regional jet launched for domestic commercial flight
20b-yuan Foshan project to develop historical site

China National Offshore Oil Company Limited (CNOOC Ltd.) announced Tuesday (Oct 28)聽that its net oil and gas output in the third quarter of 2008 rose by 15.2 percent over the same period last year.

The state-owned offshore oil producer said that its unaudited total revenue was 30.9 billion yuan (4.5 billon U.S. dollars) for the third quarter, representing a year-on-year increase of 69.1 percent.

The company's unaudited oil and gas revenue for the third quarter reached 30.5 billion yuan, up 67.9 percent from a year ago. For the first three quarters, the company's unaudited total oil and gas revenue hit 84.95 billion yuan with a year-on-year increase of 65.3 percent.

Soaring oil price in the first three quarters and rising oil and gas output contributed a lot to the revenue rise of the big oil producer.

According to CNOOC Ltd., the company achieved a total net daily oil and gas production of 549,589 barrels of oil equivalent (BOE) in the third quarter, including 480,857 BOE per day in offshore China and 68,732 BOE per day overseas.

The company's realized crude price for the third quarter increased by 58.7 percent to 106.94 per barrel U.S. dollars. Its realized gas price was 3.83 U.S. dollars per thousand cubic feet, a year-on-year growth of 11.7 percent.

CNOOC Ltd. said it found four new oil and gas fields in the third quarter with two new projects starting production and seven appraisal wells were made.

For the third quarter, the capital expenditure of the company rose by 44.9 percent to 10.19 billion yuan, according to the company.

CNOOC Ltd. witnessed its net profit rise by 89.3 percent to a record of 27.54 billion yuan in the first half.

CNOOC Ltd. is the major listed subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest offshore oil producer.

Editor: 寮犺幑

By: Source: China View website

At 226.93 meters, local papercutting breaks world record

Guangdong Hakka Museum opens in Meizhou

Liuxi lake attracts egrets

New Guangdong Provincial Museum to be unveiled next June

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips