August 19, 2017 8:46 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. It 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 gas vehicles and vessels; natural gas liquefaction and distribution; and natural gas-fired power generation activities. In addition, it provides finance, trust, insurance, and financial and strategic investment services, as well as finance leasing services. The company w...

CNOOC Building

No.25,Chaoyangmenbei Dajie

Dongcheng District

Beijing,  100010

China

Founded in 1982

Phone:

86 10 8452 1010

Fax:

86 10 6460 2600

Key Executives for China National Offshore Oil Corporation

President & Party Leadership Group Member
Age: 58
Chairman & Party Leadership Group Secretary
Age: 56
Chief Accountant & Party Leadership Group Member
Age: 53
Chief Legal Officer, Assistant President & Employee Director
Age: 59
Deputy Chief Engineer
Compensation as of Fiscal Year 2017.

China National Offshore Oil Corporation Key Developments

China National Offshore Oil Corporation Signs Production Sharing Contract (PSC) with Husky Oil Operations (China) Limited

CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Block 16/25 in the South China Sea. Block 16/25 is located in the Pearl River Mouth Basin. The block covers a total area of 44 square kilometers with a water depth of 100 meters. According to the terms of the PSC, Husky shall act as the operator during the exploration period and conduct exploration activities in the block, in which all expenditures incurred will be borne by Husky. Once entering the development phase, CNOOC has the right to participate in up to 51% of the participating interest in any commercial discoveries of the block. After signing the above-mentioned PSC, except for those relating to CNOOC’s administrative functions, CNOOC will assign all of its rights and obligations under PSC to CNOOC China Limited, a subsidiary of CNOOC Limited.

China Huadian Corp Signs Strategic Cooperation Agreement with China National Offshore Oil Corp

China Huadian Corp. signed strategic cooperation agreement with China National Offshore Oil Corp. Both sides will carry out technical exchanges and strategic cooperation in fields such as trade and sale of natural gas, LNG receiving terminal, pipeline, distributed energy resource, direct supply of electricity etc. The agreement was signed on March 16, 2017.

China National Offshore Oil Mulls Acquisitions

China National Offshore Oil Corporation is looking for acquisitions. CNOOC said it is scouting for potential acquisition opportunities, although a climate of low oil prices is making it difficult to agree on price.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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