www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

CNOOC lifts annual output target

By Li Tao and Sophie He (China Daily) Updated: 2012-10-25 09:55

CNOOC Ltd, the largest offshore oil and gas producer in China, raised its annual output target to between 335 and 345 million barrels of oil equivalent for 2012 from the 330 to 340 million BOE target set earlier, as the company is betting on strong growth in the fourth quarter of the year.

CNOOC lifts annual output target

A CNOOC Ltd offshore oil platform in the South China Sea. The group produced 87.8 million barrels of oil equivalent in the three months through Sept 30 this year. [Photo/China Daily]?

The group, which produced 87.8 million BOE in the three months through September 30 this year - up 8.3 percent from the previous quarter - is driven by "contribution from new projects and new development wells", as well as "the continuous improvement of overseas production and the stable performance of producing oil and gas fields", the company told Hong Kong's stock exchange on Wednesday.

Revenue generated from oil and gas sales amounted to 48.44 billion yuan ($7.74 billion) in the third quarter, up 4.7 percent from the same period last year. CNOOC has drilled eight offshore appraisal wells off the mainland during the past quarter, it said in the statement.

The growth momentum in the third quarter is likely to continue through the rest of the year, leading the company to lift the output target for the year, Zhong Hua, chief financial officer of the company, said during a conference call on Wednesday.

The output volume in the last quarter, which was also CNOOC's highest since 2011, was supported by the contribution of several new projects, said a Hong Kong-based analyst who declined to disclose her name.

However, as long as the production is not resumed at the Penglai 19-3 field, CNOOC's output in the fourth quarter is unlikely to significantly outstrip that in the previous quarter, she told China Daily.

The Penglai 19-3 field - 51 percent owned by the company - has been shut down after a serious oil leak occurred in June 2011. Zhong said the company has delivered all required reports to the Chinese government and is waiting for an order to resume production.

CNOOC has also handed over requested documents to Canadian regulators for the approval of its proposed Nexen Inc acquisition, Zhong added during the teleconference.

In July, CNOOC agreed to pay $15.1 billion in cash to take over the Canadian energy company Nexen. The deal, which was expected to be completed by the end of the year and could become the biggest overseas takeover by a Chinese company, is still waiting for the nod from the Canadian government.

"It may be hard to predict the results, but it is safe to say that CNOOC is unlikely to close the deal by the end of the year," said Wu Fei, an analyst at BOCOM International Holdings Co Ltd in Hong Kong.

Although political factors are entangled in the deal, it is at a particularly sensitive moment, Wu said, adding that there are still chances for CNOOC to win the deal given that some of Nexen's assets are far away from America, where the political resistance is likely to be smaller.

Canada's Ministry of Industry last Friday vetoed the $5.9 billion buyout plan proposed by the Malaysian state oil company Petronas for the Calgary-based Progress Energy Resources Corp, which is casting doubts on the outlook of Nexen deals as the Canadian government is seemingly cautious with energy-related acquisitions from overseas.

Contact the writers at litao@chinadailyhk.com and sophiehe@chinadailyhk.com

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 9cao在线精品免费 | 三级欧美在线 | 福利视频黄 | 加勒比一本大道香蕉在线视频 | 99视频在线观看视频一区 | 免费人成在线观看网站视频 | 日韩免费一区二区三区在线 | 成人久久 | 成人网视频免费播放 | 日韩专区亚洲国产精品 | 亚洲成人国产精品 | 久久成人视 | 日本三片在在线播放 | 久久福利青草精品免费 | 日本三级精品 | 国产一区中文字幕在线观看 | 久久精品免费播放 | 六月丁香婷婷天天在线 | 亚洲精品美女 | 久久久久久久99久久久毒国产 | 精品一区二区高清在线观看 | 久久国产视频在线观看 | 成年人网站在线观看免费 | 亚洲精品手机在线观看 | 极品美女户外勾搭无套 | 国产精品伦理久久久久 | 欧美日韩视频一区三区二区 | 麻豆影音 | 欧美片欧美日韩国产综合片 | 久久99精品久久久久久国产越南 | 一区二区在线播放福利视频 | 亚洲成人免费在线观看 | 亚洲综合久 | 韩国理伦一级毛片 | 毛片一区二区三区 | 特级淫片国产免费高清视频 | 国产一区二区精品久久凹凸 | 欧美在线看欧美高清视频免费 | 中文字幕最新中文字幕中文字幕 | 精品国产一区二区三区不卡在线 | 九九色在线视频 |