[ET Net News Agency, 13 January 2020] CNOOC Limited (00883) said the company's targeted
net production for 2020 is 520 million to 530 million barrels of oil equivalent (BOE).
The company's total capital expenditure for 2020 is budgeted at RMB85 billion to RMB95
billion. The capital expenditures for exploration, development, production and others will
account for approximately 20%, 58%, 20% and 2% of the total capital expenditure,
respectively. (RC)