January 21, 2017 7:10 PM 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 and Party Leadership Group Member
Age: 57
Chairman, Party Leadership Group Secretary, Chairman of Nomination Committee, Chairman of Strategic Development Committee, Vice Chairman of CNOOC Limited and Chief Executive Officer of CNOOC Limited
Age: 55
Chief Financial Officer and Party Leadership Group Member
Age: 51
Chief Legal Officer, Assistant President and Employee Director
Age: 58
Deputy Chief Engineer
Compensation as of Fiscal Year 2016.

China National Offshore Oil Corporation Key Developments

PetroChina Auctions 39% Of Hainan Sales Branch

PetroChina Co. Ltd. (SEHK:857) puts up 39% equities in Hainan Sales branch for auction at CNY 612 million. The anti-trust bureau of the Ministry of Commerce shows that China National Offshore Oil Corporation and Hainan Development Holdings Co., Ltd. plan to take over 39% equities and 10% equities in the Hainan sales business.

Orion Group Strikes Joint Venture Agreement with China National Offshore Oil Corporation

Orion Group has claimed a first for a manpower company by striking a joint venture (JV) agreement with China National Offshore Oil Corporation (CNOOC). Orion said the aim of the JV was to "develop the talent resources service market" and provide personnel across CNOOC's oil, gas and energy related projects throughout China and the rest of the world. This deal marks the beginning of a new phase for Orion Group in China. The company already have significant experience in China and the services of staff in Shanghai are in high demand. A new company, CNOOC Orion Technical Services Co, has been established under the JV agreement.

China National Offshore Oil Corporation Announces to Shut its Huizhou's Aromatics Plant in Guangdong Province for Maintenance

China National Offshore Oil Corporation Huizhou's aromatics plant in Guangdong province is currently shut for maintenance. The plant - which has 170,000 tonnes/year of crude toluene capacity and 125,000 tonnes/year of crude xylene capacity - was shut on 16 September 2016. This is the third time this year that the plant was taken off line due to feedstock shortage. The repeated shutdown of the plant has tightened supply of crude xylene in south China, market.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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