CNOOC Limited (Hong Kong: 0883)

65/F, Bank of China Tower, 1 Garden Rd.
Hong Kong
Phone: +852-2213-2500
Fax: +852-2525-9322
http://www.cnoocltd.com

Hoover's coverage by Stuart Hampton

Overview

CNOOC Limited manages China's offshore oil and gas exploration and production activities, in partnership with international oil and gas firms. Under Chinese government-regulated production sharing contracts, CNOOC Limited has the sole right to acquire up to 51% of any successful discovery offshore China made by foreign partners. CNOOC Limited has 2.6 billion barrels of oil equivalent in estimated proved reserves, primarily in the South China Sea. CNOOC Limited is also engaged in oil refining, natural gas processing, and refined products marketing. The oil producer has a net production of 469.4 barrels of oil equivalent per day. CNOOC Limited is 64%-owned by China National Offshore Oil Corporation.

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Key Numbers from Hoover's UK

Key financials for CNOOC Limited (Hong Kong: 0883)

Company Type Public (Hong Kong: 0883; NYSE: CEO)
Fiscal Year-End December
2010 Sales (mil.) £17,890.8
1-Year Sales Growth 79.8%
2010 Net Income (mil.) £5,317.8
1-Year Net Income Growth 90.7%
2010 Employees 4,650
1-Year Employee Growth 15.7%
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Key People from Hoover's UK

Key people and executives for CNOOC Limited (Hong Kong: 0883)

Chairman Chengyu Fu
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President, CEO, and Director Fanrong Li
CFO Zhong Hua
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Top competitors of CNOOC Limited (Hong Kong: 0883)

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Significant Developments

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Rankings from Hoover's UK

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  • #46 in FT Global 500 (June 2011)
  • Hang Seng
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