ople’s Republic of China (PRC) market mainly through CNOOC China Limited, its wholly-owned subsidiary. The company sells its crude oil produced overseas to international and domestic markets mainly through another wholly-owned subsidiary, China Offshore Oil (Singapore) International Pte Ltd. Nexen Energy ULC, a wholly-owned subsidiary of the company, located in Canada, sells its crude oil and synthetic oil to international markets separately. The company sells three types of crude oil in China: heavy crude, medium crude and light crude. Its major customers in China are Sinopec Petrochina and China National Offshore Oil Corporation (CNOOC). Customers The company’s natural gas customers are primarily located in the Southeastern coast of China and mainly include Hong Kong Castle Peak Power Company Limited, CNOOC Gas and Power Group, China BlueChemical Ltd, etc. The LNG sourced by the company from the North West Shelf LNG Project in Australia and the Tangguh LNG Project in Indonesia is mainly based on long-term supply contracts and is sold to various customers in the Asia-Pacific region, including LNG Terminals in Dapeng, Guangdong and Putian Fujian, China. Significant Events In July 2015, CNOOC Limited announced that the Luda 10-1 comprehensive adjustment project has commenced production. The Luda 10-1 oilfield is located in Liaodong Bay of Bohai with an average water depth of approximately 30 meters. Competition The company’s principal competitors in the PRC are PetroChina and Sinopec. History CNOOC Limited was incorporated with limited liability in 1999 in Hong Kong.
cnooc ltd (883:Hong Kong Stock Exchange)
Bank of China Tower
1 Garden Road
Phone: 852 2213 2500
Fax: 852 2525 9322www.cnoocltd.com
|Anadarko Petroleum Corp||$70.58 USD||-0.51|
|BG Group PLC||1,079 GBp||-1.50|
|Repsol SA||€12.06 EUR||-0.305|
|Statoil ASA||137.10 NOK||-1.60|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CNOOC LTD, please visit www.cnoocltd.com. Company data is provided by Capital IQ. Please use this form to report any data issues.