Cnooc to Boost Spending as China Pushes for More Oil

The transcript discusses Sinach's ambitious spending and production targets, highlighting their plans to increase production to 545 million barrels per year by 2021 and over two million barrels per day by 2025. Analysts are optimistic due to Sinach's competitive production costs and successful cost-cutting strategies, despite challenges in offshore drilling. The market is closely watching Sinach's stock, and the company backs its projections with real projects in the South China Sea, Bohai Sea, and other regions.

What was Sinach's production target for the year 2021?

• 490 million barrels a year

• 545 million barrels a year

• 600 million barrels a year

• 500 million barrels a year

How did the market react to Sinach's future plans?

• Bearish

• Neutral

• Skeptical

• Bullish

Which region is NOT mentioned as part of Sinach's strategic projects?

• Country of Brianna

• North Sea

• Bohai Sea

• South China Sea

What was Sinach's production cost per barrel last year?

• 28.5 U.S. dollars

• 30.0 U.S. dollars

• 32.5 U.S. dollars

• 35.0 U.S. dollars

What is the most impressive aspect of Sinach as a company according to the transcript?

• Their marketing strategies

• Their ability to cut production costs

• Their employee satisfaction

• Their technological advancements