CNOOC's H1 profit rises after Nexen acquisition
By Du Juan | China Daily | Updated: 2013-08-21 08:05
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CNOOC Ltd's total net oil and gas production rose 23.1 percent year-on-year to 198.1 million barrels of oil equivalent during the first six months, with Nexen contributing 12.5 percent. Provided to China Daily |
CNOOC Ltd - China's largest offshore oil explorer - said on Tuesday that its net profit rose 7.9 percent year-on-year in the first half to 34.4 billion yuan ($5.6 billion), with the newly acquired Nexen Inc bringing 24.8 million barrels of oil equivalent to the company.
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