CNOOC (CEO) Net Profit Fell 66% in 2015

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Go back to CNOOC (CEO) Net Profit Fell 66% in 2015

CNOOC Limited: Steady Progress in All Businesses Production Target Fully Met

March 24, 2016 4:28 AM EDT

HONG KONG, March 24, 2016 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2015 annual results for the year ended December 31, 2015.

In 2015, the Company maintained an intensive exploration program and made significant achievements in oil and gas exploration while lowering exploration capital expenditures. During the year, the Company made 16 new discoveries and successfully appraised 23 oil and gas structures. In offshore China, the Company made  independent new discoveries including mid-to-large sized structure Liuhua 20-2, and successfully appraised a number of mid-to-large sized oil and gas structures... More