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Last $10.80 HKD
Change Today +0.30 / 2.86%
Volume 96.7M
883 On Other Exchanges
Hong Kong
New York
As of 4:01 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Bank of China Tower

65th Floor

1 Garden Road

Hong Kong,

Hong Kong

Phone: 852 2213 2500

Fax: 852 2525 9322

in Papua New Guinea. These blocks are still under exploration. Africa: The company has a relatively large oil and gas reserves base in Africa. The company’s assets in Africa are primarily located in Nigeria and Uganda. Nigeria: The company owns a 45% interest in the OML 130 block in Nigeria, which is a deepwater project and comprises of four oilfields, including Akpo, Egina, Egina South and Preowei. In 2013, TOTAL S.A., the operator of the Egina project, announced that the final investment decision for the Egina field had been approved. The project has entered into the phase of engineering construction. In addition, Nexen Petroleum Nigeria Limited holds a 20% non-operating interest as contractor in the PSC that covers the Usan oilfield in OML 138 block. The Usan oilfield commenced production in 2012. Uganda: The company owns one-third of the interest in each of Exploration Areas (EA) 1, 2 and 3A in Uganda. EA 1, 2 and 3A are located at the Lake Albert Basin in Uganda, which is one of the most promising basins with oil and gas resources in Africa. Other Regions in Africa: The company also owns interests in various blocks in Equatorial Guinea, the Republic of Congo, Algeria, and the Gabonese Republic. These blocks are under exploration. North America: The company holds interests in the oil and gas exploration areas in the U.S., Canada, and Trinidad and Tobago in North America, as well as part of the shares of MEG Energy Corporation in Canada. The U.S: The company holds 33.3% of the interests in two shale oil and gas projects, located in the Eagle Ford and Niobrara plays onshore U.S.A. Canada: The company holds 100% of the interests in the Long Lake project and the other three oil sands projects in northeastern Alberta. The Long Lake project is at the oil producing stage. The company also holds part of the interests in the Syncrude oil sands project. The company also has entered into new shale gas basins through this acquisition. With a total of approximately 300,000 acres, the Horn River, Cordova, and Liard basins are regions in North America with shale gas. In addition, the company owns 12.39% of the shares of MEG Energy Corporation in Canada. The company also owns a 60% interest in Northern Cross (Yukon) Limited, which owns oil and gas exploration blocks in the Yukon area in Canada. Other Regions in North America: The company owns a 12.5% interest in the 2C block and a 12.75% interest in the 3A block in Trinidad and Tobago. The 2C block is in production. South America: In South America, the company holds a 50% interest in Bridas Corporation (Bridas) and a 10% interest in the PSC of the Libra oilfield in Brazil, among which, the company’s interest in Bridas is accounted for by the equity method. Argentina: The company holds a 50% shareholding interests in Bridas Corporation in Argentina. Mainly through its affiliates (including the 40% interest in Pan American Energy (PAE)), Bridas Corporation engages in oil and gas exploration and production activities in Argentina. Brazil: In October 2013, the company, as part of a consortium consisting of Petrobras, Shell, TOTAL S.A., and China National Petroleum Corporation, was awarded a 35-year PSC to develop the Libra oilfield in Brazil. The company holds a 10% interest in the PSC. Libra oilfield is located in Santos Basin, approximately 170 kilometers off the coast of Rio de Janeiro. The block covers approximately 1,550 square kilometers with water depths of approximately 2,000 meters. Other Regions in South America The company, through the acquisition of Nexen, holds interests in various exploration and production blocks in Colombia. Europe In Europe, the company holds interests in various oil and gas fields, such as Buzzard in the North Sea of the United Kingdom. The United Kingdom: In 2013, the company entered into the North Sea in the United Kingdom. The company’s asset portfolio in the North Sea consists of projects under production, development, and exploration, mainly including a 43.2% interest in Buzzard oilfield, which made the company the crude oil producer in the North Sea, and a 36.5% interest in the Golden Eagle bl


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Valuation 883 Industry Range
Price/Earnings 6.8x
Price/Sales 1.3x
Price/Book 1.0x
Price/Cash Flow 3.3x
TEV/Sales 0.5x

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