China National Offshore Oil Corporation Ltd., or CNOOC, targeted to produce 545 million-555 million barrels of oil equivalent, or 1.49 million-1.52 million boe/d, of oil and gas in 2021, up about 4.5% from its estimated production of 528 million boe in 2020, on the back of contribution from its 19 new projects, including Buzzard oil field phase II, CFO Xie Weizhi said in the company’s 2021 business strategy briefing call on late Feb. 4. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The estimated output in 2020 outpaced its target of 505 million-515 million boe set early last year. The 19 new projects to start up in 2021 are expected to contribute 221,232 […]