not vested
CNOOC quarterly revenue rises to 50b yuanCNOOC (0883) said third-quarter revenue grew by 0.61 percent year-on-year to 50.13 billion yuan (HK$55.58 billion).
During the last quarter, unaudited oil and gas sales revenue increased by 0.8 percent to 48.34 billion yuan.
An increase in production offset the decrease in realized prices. Average realized oil price fell by 14.9 percent to US$60.89 (HK$474.94) per barrel.
The average realized gas price fell by 8.8 percent to US$5.70 per thousand cubic feet, mainly due to the increased proportion of gas production with lower realized gas price.
For the third quarter, CNOOC's capital expenditure increased by 27.9 percent to about 19.53 billion yuan, mainly due to the significant increase in workload.
The company achieved a total net production of 124.8 million barrels of oil (BOE) equivalent for the third quarter, representing an increase of 9.7 percent.
Production from offshore China increased by 8.9 percent to 80.2 million BOE, mainly attributable to production growth from the commencement of new projects.
Overseas production was up by 11.2 percent to 44.6million BOE, mainly due to the contribution from the new projects of Eginaand Appomattox.
Source: The Standard
http://www.thestandard.com.hk/breaking- ... 1024&sid=2
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