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CHINA OILFIELD (02883.HK) Predicts 2025 Capital Expenditure RMB7.2B
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CHINA OILFIELD (02883.HK) has announced its 2025 strategic guidance. According to the prediction from third parties, global oil demand will remain stable in 2025, with global upstream exploration and development investments aligning with 2024 levels, where offshore exploration and development investments will grow faster than onshore. Based on current predictions, it is expected that CHINA OILFIELD’s domestic business will experience a stable development in 2025, while its overseas business will remain on a steady rise. CHINA OILFIELD estimated its capital expenditure to reach around RMB7.2 billion, which will be mainly used for equipment investment and upgrades, technical equipment renewal, investment in technology research and development, and infrastructure development. AAStocks Financial News |
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