CNOOC joins peers with 35% cut in capital spending
China’s biggest marine oil and gas producer will cut capital investment by up to 35% in 2015, joining other major companies in rolling back spending amid low oil prices.
A CNOOC drilling module. The company is planning to drill more than 160 exploration wells this year. (CNOOC)
China’s biggest marine oil and gas producer will cut capital investment by up to 35% in 2015, joining other major companies in rolling back spending amid low oil prices.
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