CNOOC Restricted reported a web earnings attributable to fairness shareholders of $8.83 billion (RMB 63.76 billion) for the primary half, a lower of 11.3 % over the identical interval in 2022.
CNOOC’s oil and fuel gross sales for the primary six months had been $21 billion (RMB 151.69 billion), down 14.1 % yr over yr, in keeping with an organization submitting on the Hong Kong Inventory Change. The corporate’s web oil and fuel manufacturing for the primary half elevated 8.9 % yr over yr to 331.8 million barrels of oil equal (boe), which embrace pursuits in its equity-accounted investments of roughly 10.2 million boe.
In a separate information launch, CNOOC mentioned its each day web manufacturing and manufacturing effectivity hit report highs as the corporate strived to stabilize and improve the quantity from producing fields, noting the Buzios 5 oilfield in Brazil contributed a peak manufacturing of over 200,000 boe per day.
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CNOOC mentioned it “actively practiced the idea of value-driven exploration” and steadily expanded the bottom of oil and fuel sources.
Offshore China, the corporate made a number of new discoveries, together with Panyu 10-6 and Kaiping 18-1, whereas mid- to large-sized oil and fuel constructions reminiscent of Qinhuangdao 27-3 had been efficiently appraised.
Onshore China, the corporate superior the exploration and appraisal of the Shenfu deep coalbed methane area to reinforce the potential of useful resource restoration, whereas abroad, CNOOC made progress within the exploration of the Stabroek block in Guyana, with a brand new discovery made within the medium to deep performs, in keeping with the information launch.
Within the first half of the yr, CNOOC devoted efforts to the analysis and growth of core applied sciences to help its manufacturing. It targeted on applied sciences reminiscent of exploration and growth of deep-water and deep-play reservoirs, and environment friendly growth of low-permeable, marginal, heavy oilfields, which supported the expansion of its oil and fuel reserves. In the meantime, the corporate continued the development of unmanned offshore platforms and clever oilfields, with the Shenhai-1 changing into the world’s first super-large deep-water platform with the perform of distant management manufacturing, the corporate mentioned.
On the vitality transition entrance, CNOOC linked the Haiyou Guanlan and Wenchang deep-sea floating wind energy demonstration mission to the grid for energy technology. The profitable commissioning of the CCS demonstration mission within the Enping 15-1 oilfield has “stuffed the hole” in China’s offshore carbon dioxide sequestration know-how, CNOOC mentioned.
“Within the first half of 2023, the corporate made new data in oil and fuel reserves and manufacturing quantity, and delivered better-than-expected working outcomes”, CNOOC Chairman Wang Dongjin mentioned. “Within the second half of the yr, the corporate will adhere to security and compliance necessities in our operations. We are going to exert our greatest efforts in reserves and manufacturing development, high quality and effectivity enhancement, and technological innovation to achieve our annual operational targets, and create larger worth for the shareholders.”
CNOOC’s board has determined to pay an interim dividend of $0.075 (HKD0.59) per share for the primary half of 2023.
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