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CNOOC (CEO) Dry Hole Expense (USD Mil) : 0.00 (As of . 20)


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What is CNOOC Dry Hole Expense (USD Mil)?

Dry Hole Expense (USD Mil) means the cost incurred to drill an exploratory or developmental well that was found to be incapable of producing sufficient oil or gas to justify completion as an oil or gas well.

The historical rank and industry rank for CNOOC's Dry Hole Expense (USD Mil) or its related term are showing as below:

CEO's Dry Hole Expense (USD Mil) is not ranked *
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Dry Hole Expense (USD Mil) only.

CNOOC Dry Hole Expense (USD Mil) Historical Data

The historical data trend for CNOOC's Dry Hole Expense (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CNOOC Dry Hole Expense (USD Mil) Chart

CNOOC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Dry Hole Expense (USD Mil)
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Exploration Expense (USD Mil)
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Competitive Comparison of CNOOC's Dry Hole Expense (USD Mil)

For the Oil & Gas E&P subindustry, CNOOC's Dry Hole Expense (USD Mil), along with its competitors' market caps and Dry Hole Expense (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CNOOC  (NYSE:CEO) Dry Hole Expense (USD Mil) Explanation

Dry Hole Expense (USD Mil) means the cost incurred to drill an exploratory or developmental well that was found to be incapable of producing sufficient oil or gas to justify completion as an oil or gas well. It includes all costs including drilling the well and testing for the presence of hydrocarbons,as well as the costs for leasing land, seismic purchase and reprocessing.

CNOOC Dry Hole Expense (USD Mil) Related Terms

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CNOOC (CEO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Ltd (NYSE:CEO) » Definitions » Dry Hole Expense (USD Mil)
Comparable Companies
HKSE:00467 HKSE:01101 HKSE:01555 HKSE:03395 HKSE:02012 HKSE:00632 COP TSX:CNQ EOG PXD OXY HES MIC:NVTK FANG ASX:WDS DVN CTRA TSE:1605 EQT TSX:TOU
Traded in Other Exchanges
00883:Hong Kong NC2B:Germany 600938:China
Address
1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
Website
https://www.cnoocltd.com
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.