CNOOC Ltd digs deeper for offshore investment

Operator spends 45.8% more on exploration and development in first quarter

Challenging target: CNOOC Ltd is aiming to double its proven oil and gas reserves by 2025 — Challenging target: CNOOC Ltd is aiming to double its proven oil and gas reserves by 2025Photo: REUTERS/SCANPIX

Xu Yihe

Singapore

Published 1 May 2019, 13:13Updated 1 May 2019, 13:13

China

CNOOC Ltd