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CNOOC Limited Competition

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. To grow it global assets, in 2012 the company agreed to buy Nexen for $15 billion.

Top Competitors for CNOOC Limited

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Competitors
Exxon Mobil Corporation
PetroChina Company Limited
China Petroleum & Chemical Corporation

Top Industries for CNOOC Limited

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Top Industries

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Industries
Oil & Gas Exploration & Production
Petroleum & Petroleum Products Wholesalers
Oil & Gas Transportation & Storage
5 Industries on file

Year Founded

Annual Revenue (mil)

$37852.3