|Bid||115.00 x 0|
|Ask||120.00 x 0|
|Day's Range||116.00 - 116.00|
|52 Week Range||110.00 - 150.46|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||5.42|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep. 02, 2020|
|1y Target Est||N/A|
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 Limited (the "Company", SEHK: 00883, TSX: CNU) announced today that the Buzzard Phase II development, offshore UK North Sea has safely commenced production.
CNOOC Limited (the "Company", SEHK: 00883, TSX: CNU) today announced the commencement of production of Lufeng oil fields regional development project.