Q1 2021 CNOOC Ltd Operational Performance Call Transcript
Good afternoon, ladies and gentlemen. Welcome to the analyst presentation of CNOOC Limited's 2021 first-quarter review. I am pleased to present Mr. Xie Weizhi, CFO of the Company. We will have two parts in today's presentation. Mr. Xie will give you an update on the performance of the first quarter 2021. Afterwards we will have a Q&A session. Now may I pass the floor to Mr. Xie.
Good afternoon, ladies and gentlemen. Thank you for joining CNOOC Limited's 2021 first-quarter review conference call. I'm here with the CFO of the Company. Before we start, please take a moment to read the disclaimer on slide 2.
Please turn to the next slide. First of all, let's have an overview of our operating performance for the first quarter. Our net production was 137.7 BOE, up 4.7% year-over-year. We made two new discoveries and 18 successful appraisal wells. In terms of financial performance, the oil and gas sales revenue were RMB48.34 billion, up 21% year-over-year. CapEx spending was RMB16.04 billion. Average realized oil price and gas
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