China National Offshore Oil Corp.

Beijing China

 

Company Description

China National Offshore Oil Corporation (CNOOC) is the largest offshore oil and gas producer in China. Besides production, which is handled through subsidiary CNOOC Limited, CNOOC has more than two dozen other subsidiaries involved in oil and gas refining and marketing, chemicals (China BlueChemical), technical and engineering services (such as China Oilfield Services), and financial services (such as a life insurance joint venture with AEGON). About half of the government-owned company's revenue comes from oil production; it produces 194 million barrels of oil equivalent, while its refineries processed 3.35 million tons of crude. CNOOC's marketing arm owns almost 200 gas stations and eight oil depots.