Oil prices rebound brought more revenues to CNOOC Limited during the first quarter of the year when the company recorded an increase of 10.8% in oil and gas sales revenues year over year.
According to its 1Q 2018 report on Friday, the company achieved total net production of 120.1 million barrels of oil equivalent (BOE) for the first quarter of 2018, representing an increase of 0.8% year over year (YoY).
Brazil Energy Insight 
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