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Balance Sheet Cash Flow Statement 65/F, Bank of China Tower, 1 Garden Rd., Central Hong Kong Tel. +852-2213-2500 Fax +852-2525-9322 |
Type: Public
On the web:
http://www.cnoocltd.com
Employees:
3,584
Employee growth: 9.0%
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 Corporation.
Key numbers for fiscal year ending December, 2008:
Sales: $18,380.1M
One year growth: 48.2%
Net income: $6,474.3M
Income growth: 51.5%
Officers:
Chairman, Executive Director, and CEO: Chengyu Fu
President, CFO, and Executive Director: Oil & Gas Transportation & Storage
Competitors:
Sinopec Corp.
Exxon Mobil
PetroChina
