CNOOC Ltd. (600938)

Overview

CNOOC Limited, established in 1999 and headquartered in Central, Hong Kong, operates as a noteworthy investment holding entity focused on the exploration, development, production, and sale of crude oil and natural gas. The company conducts its operations through two main segments, namely E&P (Exploration & Production) and Trading Business, positioning itself as a major player in the offshore crude oil and natural gas market in China. It notably operates in key areas such as Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea. Beyond its domestic ventures, CNOOC Limited extends its reach to a global scale, holding interests in oil and gas assets across Asia, Africa, North America, South America, Oceania, and Europe. The company's extensive operations are supported by its status as a subsidiary of CNOOC (BVI) LTD, emphasizing its significant role in the international energy sector.

Products and Services

• Offshore Crude Oil and Natural Gas Production: CNOOC Limited specializes in extracting crude oil and natural gas from offshore fields, primarily focusing on regions like Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. This forms the backbone of the company's operations, leveraging its expertise in offshore exploration and production to meet energy demands.
• Global Oil and Gas Interests: Beyond its domestic projects, the company holds significant interests in various oil and gas assets internationally. These investments span continents, from Asia to Africa and from North America to South America, as well as locations in Oceania and Europe, reflecting CNOOC Limited's strategic approach to diversification and global energy market participation.
• Petroleum and Natural Gas Sales and Trading: Engaging in the sales and trading of petroleum and natural gas, CNOOC Limited plays a crucial role in the global energy supply chain. This aspect of the business allows for the marketing and distribution of its produced commodities, facilitating international trade relations and enhancing revenue streams through commodity exchange.
• Oil Sands and Unconventional Gas Exploration: The company is actively involved in exploring and developing oil sands projects, as well as pursuing the exploration, development, and production of unconventional natural gas resources. These activities are primarily located in onshore China, with shale gas exploration endeavors highlighting the company's investment in alternative and unconventional energy sources.
• International Operations: CNOOC Limited's operations are not confined to China; the company has a strong international presence, operating in countries such as Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, and Australia. This expansive operation portfolio underscores the company's role as a global supplier of crude oil and natural gas, adapting to various geopolitical and market conditions to secure its position on the world stage.