HONG KONG, Aug. 28, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2024 interim results.
Making solid progress in reserves and production growth, net production increases by 9.3% year-on-year ("YoY")
Sustaining effective control over all-in cost, net profit attributable to equity shareholders reaches RMB79.7billion
Actively returning to shareholders, HK$0.74 per share (tax inclusive) of interim dividend declared
In the first half of the year, CNOOC Limited focused on increasing oil and gas reserves and production, continued to drive down the all-in cost, and hit a record high in net profit attributable to equity shareholders for the same period. With the steady progress of technological innovation and green development, the Company is better poised for sustainable development.
The Company continued to pursue the increase of reserves and production in an orderly manner and further expanded its resource base. In the first half of the year, the Company made 7 new discoveries and successfully appraised 18 oil and gas bearing structures. In offshore China, the Company discovered Lingshui 36-1, the first large-size ultra-shallow gas field in ultra-deep water. The proved in-place volume of the gas field exceeded 100 billion cubic meters, bringing the total proved gas in-place in the South China Sea to over a trillion cubic meters. Another two new discoveries with proved oil in-place over 100 million tonnes respectively were made, namely Qinhuangdao 27-3 oilfields in Bohai Bay and Kaiping South in the South China Sea. Bozhong 8-3 South was appraised, recording the highest tested daily production among the exploration wells in deep plays offshore China. Overseas, Bluefin was discovered at the Stabroek block in Guyana, further expanding the reserves in ...
