Friday, August 31, 2007

China's CNOOC H1 oil, gas output up 4.5 pct

China's top offshore oil and gas producer, CNOOC Ltd, produced 4.5 percent more oil and gas in the first half of this year.

CNOOC said in a statement on Wednesday that its crude oil output was 68.1 million barrels in January-June, while natural gas output was 99.7 billion cubic feet.

Its average oil selling price was US$58.8 per barrel in the period, down 5.8 percent from a year earlier.

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