CNOOC Limited | Company profile from Hoover's

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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
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Rankings
  • Hang Seng
  • #75 in FT Global 500
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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. In 2007 CNOOC Limited had 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 CorporationTo read the full description, subscribe now.

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Key CNOOC Limited Financials

Company TypePublic - NYSE: CEO

Headquarters
Fiscal Year-EndDecember
2009 Employees4,019

CNOOC Limited Executives

22 executives listed for CNOOC Limited's Hong Kong location.
TitleName & BioContact
Chairman and CEOChengyu FuEmail
President, CFO, and DirectorHua YangEmail
President and DirectorFanrong LiEmail

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 $300,000. To read the full description, subscribe now.
Top CNOOC Limited Competitors

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