China’s CNOOC (OTCPK:CEOHF) said Wednesday it posted record H1 profit, helped by strong production and higher oil prices, as net profit attributable to shareholders rose 25% to 79.73B yuan (~$11.2B).

Net oil and gas output for the six months ending June 30 increased 9.3% Y/Y to a record 362.6M boe, as the Chinese government pushed for more production from its state-owned drillers.

The company reported the value of its oil and gas sales jumped 22% to 185.11B yuan, and revenues rose 18% to 226.8B yuan; production costs for the period fell to $27.75/boe from $28.20/boe in the first half of the previous year.

CNOOC (OTCPK:CEOHF) said it discovered seven new offshore fields in China with at least 100M tons of oil equivalent in reserves during H1, and a gas field with at least 100B cm of in-place volumes.