(EnergyAsia, February 15 2011, Tuesday) — Hong Kong-based oil and natural gas group China National Offshore Oil Corporation Ltd (CNOOC) said it is planning to invest US$8.77 billion to achieve net production of 355 to 365 million barrels of oil equivalent (BOE) in 2011. Assuming WTI crude at US$82 a barrel, the largely Chinese state-owned…
