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    883   HK0883013259

CNOOC LIMITED

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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 01/21
9.28 HKD   -0.32%
08:45aAsian prices fall amid Chinese LNG cargo sale tenders
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06:00aChina's CNOOC tenders to sell May-November LNG cargoes -trade
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01/20Hua Yang Swings to Loss in Fiscal Q3
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China's CNOOC starts production at second phase of UK Buzzard project

11/29/2021 | 04:26am EST
China National Offshore Oil Corp (CNOOC) headquarters  in Beijing

BEIJING (Reuters) - CNOOC Ltd, a listed branch of China National Offshore Oil Corp (CNOOC), said on Monday it had started production at the second phase of its Buzzard project in Britain.

The project is expected to reach peak production of about 12,000 barrels of oil equivalent per day in 2022, driving Buzzard's total production to 80,000 barrels of oil equivalent per day.

Located 100 km (62 miles) northeast of Aberdeen with average water depth of about 96 metres, the project will use the existing Buzzard facility and has built a set of underwater production systems, two production wells and two water injection wells.

CNOOC Petroleum Europe Ltd, a wholly owned subsidiary of CNOOC Ltd, is the operator of Buzzard and holds 43.21% interest in the project.

The remaining interests are held by Suncor Energy, Harbour Energy and ONE-Dyas.

(Reporting by Muyu Xu and Shivani Singh; Editing by Edmund Blair)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED -0.32% 9.28 End-of-day quote.15.57%
GOLD -0.34% 1832.6 Delayed Quote.0.53%
HARBOUR ENERGY PLC -3.01% 348.6 Delayed Quote.-1.53%
SUNCOR ENERGY INC. -3.51% 34.08 Delayed Quote.11.60%
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Analyst Recommendations on CNOOC LIMITED
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Financials
Sales 2021 242 B 38 128 M 38 128 M
Net income 2021 72 649 M 11 462 M 11 462 M
Net Debt 2021 112 B 17 617 M 17 617 M
P/E ratio 2021 4,61x
Yield 2021 9,66%
Capitalization 337 B 53 213 M 53 212 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,66x
Nbr of Employees 18 151
Free-Float -
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Technical analysis trends CNOOC LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 23
Last Close Price 7,55 CNY
Average target price 10,12 CNY
Spread / Average Target 34,0%
EPS Revisions
Managers and Directors
Ke Qiang Xu Chief Executive Officer & Executive Director
Qing Long Xia President & Executive Director
Wei Zhi Xie Chief Financial Officer
Dong Jin Wang Chairman
Xiaonan Wu Joint Secretary & Compliance Officer
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