CNOOC Limited has announced the commencement of production at the Shenhai-1 Phase II Natural Gas Development Project, located in the Qiongdongnan Basin of the northern South China Sea. This project marks a significant step towards tapping into the vast gas reserves of the region and providing clean energy for South China’s development.
CNOOC Limited has announced its 2024 interim results, showcasing remarkable growth in reserves, production, and profitability. The company achieved a record high net profit attributable to equity shareholders, reaching RMB79.7 billion, fueled by increased oil and gas production and effective cost management. This success led to the declaration of a record-breaking interim dividend of HK$0.74 per share, signifying a strong commitment to shareholder value.
