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August 03, 2015 5:54 AM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Petroleum Corporation

Company Overview

China National Petroleum Corporation, an integrated energy company, produces and supplies oil and gas. The company engages in the hydrocarbon exploration and production operations in onshore and offshore areas in the People's Republic of China, as well as in Africa, Central Asia-Russia, South America, the Middle East, and the Asia-Pacific. It also owns and operates pipeline networks and storage systems covering 29 provinces, municipalities, and autonomous regions, as well as Hong Kong SAR. The company operates a pipeline network of 79,054 kilometers, including 18,132 kilometers for crude oil, 50,836 kilometers for natural gas, and 10,086 kilometers of pipeline for refined products; and 20,38...

9 Dongzhimen North Street

Dongcheng District

Beijing,  100007

China

Founded in 1955

30,173 Employees

Phone:

86 10 6209 4114

Fax:

86 10 6209 4205

Key Executives for China National Petroleum Corporation

Chief Financial Officer
Age: 53
Vice President
Age: 53
Vice President
Age: 55
Vice President
Vice President
Age: 51
Compensation as of Fiscal Year 2015.

China National Petroleum Corporation Key Developments

CNPC and Tencent Sign Strategic Cooperation Agreement

CNPC signed a strategic cooperation agreement with Tencent in Beijing on June 10 and as agreed, both sides will do their best to enter into a long-term and all-round strategic partnership, boosting business growth, product innovation as well as industrial upgrade and expanding channels to communicate with clients on strategic resources, premium channels and core ability. They will look for cooperation in business development & promotion, mobile payment, Internet finance, medial, O2O business, map navigation, medical, tourism, group buying, client loyalty management, cloud service, big data and joint marketing.

Brightoil Petroleum Holdings Limited and China National Petroleum Corporation Announce New Well Drilling Projects in Dina 1 and Tuzi Gas Fields

Brightoil Petroleum Holdings Limited announced that as per the 2015 resolution of the Joint Management Committee for the two upstream projects, Dina 1 Gas Field and Tuzi Luoke Gas Field, which are jointly developed by the Company and China National Petroleum Corporation (CNPC), satisfactory results have been achieved from the exploration and production of Dina 1 Gas Field and Tuzi Gas Field and new knowledge has been acquired. The Company has achieved its main work targets of the year. The two subsidiaries of the Company have to come to agreements with the Second Exploration Branch of PetroChina and the Sixth Exploration Branch of China Petroleum & Chemical Corporation on the new well drilling and ground project construction for these two projects respectively. The Joint Management Committee has come to an agreement on the following subjects: For Tuzi Gas Field project, construction work for the Tuzi 103 platform and ground facilities will be commenced, and 5 new gas wells will be built. In the case of Tuzi 103 platform being put into production successfully, it is anticipated that by that time, the production of Tuzi Gas Field will be enhanced by 800,000 cubic meters per day. For Dina 1 Gas Filed project, demonstration for repair and operation work for Dina 11 well will be commenced, and production strives to be resumed before August 2015. If the implementation of this project comes to a success, it is anticipated that by that time, the production of Dina 1 Gas Field will be enhanced by 200,000 cubic meters per day. Meanwhile, work for the preparation of exploration adjustment plan of Dina 1 Gas Field and reporting will be carried out based on the current gas reservoir research and reserve review. At the same time, preparation for the new Dina 1-3 well drilling will be activated. In the case that the exploration adjustment plan is implemented successfully and Dina 1-3 well is put into production, the daily production of Dina 1 Gas Field will be enhanced by 500,000 cubic meters by that time. The exploration adjustment plan is subject to the final approval of CNPC. After the completion of the abovementioned projects, the production will be enhanced prominently, by that time, the total additional daily production and the total additional annual production of Dina 1 Gas Field and Tuzi Gas Field altogether are anticipated to reach 1.5 million cubic meters and 500 million cubic meters respectively.

Gazprom and CNPC Sign Heads of Agreement for Gas Supply Via Western Route

The Gazprom Management Committee Chairman Alexey Miller and the CNPC Vice President Wang Dongjin signed in Moscow the Heads of Agreement for pipeline gas supply from Russia to China via the western route. Inked in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, the document outlines the main technical and commercial parameters of the future supplies.

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