China's CNOOC Ltd. sets 2011 output target higher at 365 mln BOE

China's largest offshore oil and gas producer, China National Offshore Oil Company Limited (CNOOC Ltd.), announced Thursday that its 2011 oil and gas output target is set at 355 to 365 million barrels of oil equivalent (BOE).
It is higher than an estimated output for 2010 of 327 to 329 million BOE, according to a statement on the CNOOC Ltd. website.
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Source: News Xinhuanet.com