CNOOC To Meet Performance Targets in Indonesia

CNOOC Limited reports that its investment interests in offshore Indonesia are well on track to meet and exceed performance targets set earlier this year despite heightened security concerns.

"Our business in Indonesia, largely comprised of offshore properties, is expected to hit performance targets. While we will keep a close eye on the development in Indonesia, we are confident that our business will not be impacted adversely." Commented Dr Mark QIU, CFO of the Company.

Earlier in January this year, the Company made an acquisition in Indonesia that is expected to contribute 6% - 7% of net income to the Company.