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CNOOC Limited ·  Hong Kong ·(NYSE: CEO)

Company Description

65/F, Bank of China Tower 1 Garden Rd., Central
Hong Kong (Map)
Phone: +852-2213-2500
Fax: +852-2525-9322
Rankings
  • Hang Seng
  • #80 in FT Global 500
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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.
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Key CNOOC Limited Financials

Company TypePublic - NYSE: CEO

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$18,380.1
2008 Employees3,584

CNOOC Limited Executives

22 executives listed for CNOOC Limited's ,  location.
TitleName & BioContact
Chairman, Executive Director, and CEOChengyu FuNetwork
President, CFO, and Executive DirectorHua YangNetwork
Chief Geologist, EVP, and General Manager Exploration DepartmentWeilin ZhuNetwork

Competition

Competitive Landscape for CNOOC Limited
Demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The industry is capital-intensive: average annual revenue per worker is about $320,000. To read the full description, subscribe now.
Top CNOOC Limited Competitors
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