July 24, 2016 5:23 AM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Offshore Oil Corporation

Company Overview

China National Offshore Oil Corporation engages in the exploration, development, and production of oil and gas in China and internationally. The company also offers engineering and technical services, including oilfield, offshore oil engineering, and professional services. The company is also involved in the production and sale of petrochemical products and fertilizers; operation of LNG receiving terminals, natural gas pipelines, and natural gas vessels; natural gas liquefaction and distribution activities; and power generation activities through natural gas. In addition, it provides finance, trust, insurance, and financial and strategic investment services, as well as finance leasing servic...

CNOOC Building

No.25,Chaoyangmenbei Dajie

Dongcheng District

Beijing,  100010


Founded in 1982


86 10 8452 1010


86 10 6460 2600

Key Executives for China National Offshore Oil Corporation

President, Vice Party Leadership Group Secretary, Director and Member of Strategic Development Committee
Age: 58
Chairman of the Board of Director, Party Leadership Group Secretary, Director of Strategic Development Committee, Director of Nomination Committee, Chief Executive Officer of CNOOC Limited and Vice Chairman of CNOOC Limited
Age: 55
Chief Financial Officer and Party Leadership Group Member
Age: 61
Chief Geologist
Age: 60
Deputy Chief Engineer
Compensation as of Fiscal Year 2016.

China National Offshore Oil Corporation Key Developments

China Huaneng Group Corporation and China National Offshore Oil Corporation Enter into Strategic Cooperation Agreement

China Huaneng Group Corporation recently entered into a cooperation framework agreement with China National Offshore Oil Corporation. Under the terms of the agreement, both companies will conduct strategic cooperation in the fields of natural gas upstream, LNG receiving stations and natural gas power generation in addition to strengthening their cooperation in natural gas, thermal power and electric power supply, in a move to help each other in industrial upgrading and achieve a win-win situation.

China National Offshore Oil Corp. and Royal Dutch Shell Reaches an Agreement to Expand Their Petrochemical Joint Venture

China National Offshore Oil Corp. and Royal Dutch Shell have reached a final agreement to expand their petrochemical joint venture at Nanhai in China's southern Guangdong province, CNOOC. The expansion will double the joint venture's ethylene capacity by adding a 1 million ton/yr unit already under construction.

CNOOC Reportedly Eyeing Braskem Stake

China National Offshore Oil Corporation (CNOOC) may acquire a stake in Braskem S.A. (BOVESPA:BRKM5). Valor reported that the company is interested in purchasing a minority stake in Braskem from Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4). The report added that a Petrobras source told Reuters in January 2016 that the company had been receiving interest from major international chemical companies for its 36% stake in Braskem's total capital and the talks are still preliminary. According to the report, representatives for Petrobras and CNOOC were not immediately available to comment on the Valor report. Recently Reuters reported citing three sources as saying that Braskem's controlling shareholder Odebrecht S.A. is also seeking to exit Braskem and could sell its stake in a joint transaction with Petrobras.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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