CNOOC Limited ·  Hong Kong ·(NYSE: CEO)

CNOOC 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 has the sole right to acquire up to 51% of any successful discovery offshore China made by foreign partners. In 2007 CNOOC had 2.6 billion barrels of oil equivalent in estimated proved reserves, primarily in the South China Sea. CNOOC 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 is 64%-owned by China National Offshore Oil Corporation. To read the full description, subscribe now.