BEIJING: China National Offshore Oil Corporation produced a net of 87.8 million barrels of oil and natural gas in the third quarter of 2012, the corporation said Saturday.
China National Offshore Oil Corporation said in a statement that it expected to produce between 335-345 million barrels in 2012, if it maintained the same production capacity in the fourth quarter.
The company also said in its statement that it made an income of 48.44 billion Yuan, approximately $7.7 billion, in Q3. The figure represented an increase of 7.4% compared to the same period of 2011. (QNA)
