“Net profit attributable to shareholders jumped 23.4% from a year earlier to 85.8 billion yuan, or about $12.9 billion. Oil and gas sales revenue climbed 20% to 206.1 billion yuan.”
“The biggest boost came from crude prices. CNOOC’s average realized oil price rose 23.6% to $85.49 per barrel during the first six months of the year, while its realized natural gas price increased just 1.3%. But it was selling more of it too.”
“Net oil and gas production rose 3.7% to a record 398.7 million barrels of oil equivalent, including 275.2 million boe produced in China. Crude oil and liquids output climbed 4.8% to 310.3 million barrels.”
“Full production began in May at CNOOC’s first phase of the Kenli 10-2 development in the Bohai Sea, and it’s now producing more than 20,500 barrels per day.”
“The company made another four discoveries during the first half and appraised 16 oil- and gas-bearing structures. It also added three exploration blocks in Brazil and Indonesia, including its first operated position in Brazil’s Santos Basin pre-salt.”