CNOOC Limited
Native name | 中国海洋石油有限公司 | |
|---|---|---|
| Company type | Parent CNOOC | |
| Subsidiaries | CNOOC Petroleum North America | |
| Website | cnoocltd.com |
| CNOOC Limited | |
|---|---|
Hanyu Pinyin | Zhōngguó Hǎiyáng Shíyóu Yǒuxiàn Gōngsī |
CNOOC Limited (中国海洋石油有限公司) is China's largest producer of
Nexen Inc) and 2021. It was admitted as a constituent stock of the Hang Seng Index in July 2001.[2]
History
special purpose vehicle was incorporated in Hong Kong as an intermediate holding company, in order to transfer the control of some subsidiaries to the company. Thus, it was considered as a red chip company of the exchange,[1] due to its government background but incorporated outside mainland China. As of 31 March 2020[update], the company had a market capitalization of HK$363 billion.[1]
Operations
Its core domestic operation areas are in Bohai, the South China Sea, and the East China Sea. Internationally, it has oil and gas assets in Asia, Africa, North America, South America, and Oceania.[4]
As of December 31, 2011, the CNOOC Limited owned net proven reserves of approximately 3.19 billion barrel of oil equivalent (BOE), and its average daily net production was 909,000 BOE.[2]
Competition in China
CNOOC Ltd's parent,
Sinopec Group specialised in refining and marketing. These distinctions are now increasingly blurred as the three companies compete in all areas. All of the "Big Three" have vested the majority of revenue producing assets in listed Hong Kong subsidiaries. CNPC into PetroChina, Sinopec Group into Sinopec
Limited, and CNOOC Group into CNOOC Limited.
Through COOEC and other state owned entities, CNOOC owns and operates a number of offshore vessels, including six large
crane barges, namely "HYSY 202", "HYSY201", "Lanjing", "Blue Xinjiang", "Binhai 109", "HYSY286", "HYSY289" and "HYSY291".[5][6]
See also
References
- ^ a b c "List of Red Chip Companies". Statistics > China Dimension. Hong Kong Exchanges and Clearing. 31 March 2020. Retrieved 2 May 2020.
- ^ a b c d "About Us". CNOOC Limited. 10 April 2013. Archived from the original on 10 April 2013.[self-published source]
- ^ Marks, Jay F. (11 October 2010). "Chesapeake reaches deal with Chinese company". The Oklahoman. Vol. 119, no. 279. Oklahoma City, Oklahoma: The Oklahoma Publishing Company. p. 4A – via Newspapers.com.
- ^ "CNOOC Ltd". Bloomberg. Retrieved 9 March 2013.
- ^ "[New Record] World Largest Modified Semi-Submersible Vessel"Innovation Way" Float-On China first independently Designed Pipe Laying Barge". CCCC International Shipping Corporation. 26 October 2018. Archived from the original on 8 January 2019. Retrieved 8 January 2019.
- ^ "Past Ongoing and future projects" (PDF). Serimax. 12 December 2018. Retrieved 2 May 2020.
Further reading
- Liedtke, Michael (3 August 2005). "Retreat: China's Cnooc, stung in Unocal tug of war with Chevron, may look to get even later". Arizona Daily Star. Vol. 164, no. 215. Tucson, Arizona: Star Publishing Company. Associated Press. pp. D1, D5 – via Newspapers.com. Note: link presented is to page D1; see also page D5 link.
External links
- Official website
- Business data for CNOOC Limited:
- Wikinvest CNOOC Ltd. Archived 2014-04-17 at the Wayback Machine