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CNOOC Limited Sales Preparation

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.

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Key Financials

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Financials  
Company Name PUBLIC - (TICKER: CEO)
HEADQUARTERS
Market Value 82144.73
as of 2013-04-26
Fiscal Year-End Dec
2012 Sales (mil) 39199.355
2012 Employees 10063
Employee Growth Percent 87.15%
Assets (mil) 72195.88
Net Income Growth Percent -8.65%
Sales Growth Percent 3.56%