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Last €103.50 EUR
Change Today +11.34 / 12.30%
Volume 2.0
As of 12:23 PM 08/27/15 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

CNOOC Limited, an upstream company, specializes in the exploration, development, and production of oil and natural gas. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation. Offshore China Bohai The operation area in Bohai is mainly shallow water with a depth of 10 to 30 meters. Bohai has rich oil and gas resources and has been one of the company’s primary areas for exploration and development. In 2014, the company made five successful discoveries in Bohai, namely Bozhong 22-1, Luda 16-3 South, Kenli 16-1, Jinzhou 23-2 and Caofeidian 6-4. In addition, the company also successfully appraised eight oil and gas structures, including Bozhong 8-4, Bozhong 34-9, Kenli 10-4, Kenli 10-2, Luda 21-2, Jinzhou 23-2, Penglai 15-2 and Penglai 13-2. Western South China Sea Western South China Sea is one of the most important natural gas production areas for the company. The typical water depth of the company’s operation area in this region ranges from 40 to 120 meters. In 2014, the company made five new independent discoveries in Western South China Sea, namely Weizhou 6-13, Lingshui 17-2, Lingshui 13-2, Lingshui 25-1 and Wenchang 19-6. The company also made a new discovery under production sharing contract (PSC), namely Weizhou 12-10. Eastern South China Sea Eastern South China Sea is one of the company’s crude oil producing areas. The typical water depth of the company’s operation area in this region ranges from 100 to 300 meters. The crude oil produced is mostly of light to medium gravity. In 2014, the company made three independent discoveries in Eastern South China Sea, namely Liuhua 27-1, Liuhua 28-2 and Lufeng 14-4. In addition, two successful appraisals of oil and gas structures were completed, namely Liuhua 28-2 and Lufeng 14-4. East China Sea The typical water depth of the company’s operation area in the East China Sea region is approximately 90 meters. In 2014, the company made an important new natural gas discovery of Ningbo 22-1 in the East China Sea, which consolidated the resource base for sustainable development in the region. Overseas Asia (excluding China) The company holds oil and gas assets mainly in Indonesia and Iraq. Indonesia: In 2014, the company’s asset portfolio in Indonesia consisted of three development and production blocks and one block under construction, among which, the company acted as the operator for the PSC block in Southeast Sumatra while the Madura Strait PSC was a joint operation block. Meanwhile, the company also holds non-operating working interests in Malacca PSC. The company owns approximately 13.90% interest in the Tangguh LNG Project in Indonesia. Iraq: In 2010, the company entered into a technical service contract in relation to the development and production of the Missan oilfields in Iraq. Under the contract, the company acts as the lead contractor of these oilfields and owns a 63.75% participating interest. Other Regions in Asia: In addition, the company owns interests in several exploration blocks in Qatar. Oceania The company’s oil and gas assets in Oceania are located in Australia and Papua New Guinea. Australia: The company owns 5.3% interest in the Australian North West Shelf LNG Project. The project has commenced production and is supplying gas to end-users including the Dapeng LNG Terminal in Guangdong, China. The company also owns exploration blocks in Australia, which are under appraisal. Other Regions in Oceania: The company owns interests in several blocks in Papua New Guinea. These blocks are under exploration. Africa Africa is a relatively large oil and gas reserves and production base for the company. The company’s assets in Africa are primarily located in Nigeria and Uganda. Nigeria: The company owns 45% interest in the OML130 block in Nigeria, which is a deepwater project comprised of four oilfields, namely, Akpo, Egina, Egina South and Preowei. In 2014, the Akpo oilfield maintained a stable production and its net production reached approximately 56,000 barrels per day. In addition, Nexen Petroleum Nigeria Limited holds a 20% non-operating interest in each of the two offshore oilfields,

 

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