CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company operates through three segments: E&P, Trading Business, and Corporate. It produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2019, it had net proved reserves of approximately 5.18 billion barrels of oil equivalent. In addition, the company is involved in the issuance of bonds; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.
IPO Year: 2001
Exchange: NYSE
Website: cnoocltd.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2022 | Outperform | Credit Suisse |
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Credit Suisse initiated coverage of CNOOC Ltd with a rating of Outperform
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HONG KONG, Oct. 19, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) announced today that the proved gas in-place of Baodao 21-1 Gas Field has successfully passed the Chinese governmental review and filing. Baodao 21-1 gas field is located in Baodao Sag, Qiongdongnan Basin, Western South China Sea. The water depth ranges from 660 to 1,570 meters. The main gas-bearing layer is the Paleogene Lingshui formation and the discovery is condensate gas reservoirs. The discovery well Baodao 21-1-1 completed at hole depth of 5,188 meters, encountering 113 mete
HONG KONG, Sept. 1, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) announced today that Dongfang 1-1 Gas Field Southeast Zone and Ledong 22-1 Gas Field South Block Development Project commenced production ahead of schedule. The development projects locate in Yinggehai, Western South China Sea, with an average water depth of 90 meters. Utilizing the existing processing facilities of Dongfang 1-1 platform and Ledong 22-1 platform, the projects plan to commission 4 development wells and to produce through 2 subsea production systems, 2 mixed transpor
HONG KONG, Aug. 25, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announced its 2022 interim results for the six months ended June 30, 2022. During the period, the Company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the "three major programs", namely, Reserves & Production Augmentation, Independent Technological Innovation and Green Energy Transition. It implemented the campaign of Quality and Efficiency Dual Upgrading. Solid progress had been made and the operating results reached t
HONG KONG, Nov. 30, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, TSX:CNU) today announced that the Company intends to deregister with the United States Securities and Exchange Commission (the "SEC") and terminate reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The New York Stock Exchange LLC filed Form 25 with the SEC on October 12, 2021 (Eastern Standard Time), and the delisting of the Company's American depository shares became effective following the close of the market in New York on October 22, 2021 (Eastern Standard Time). As such, the Company intends to file Form 15F with the SEC on November 30, 2021 (E
HONG KONG, Nov. 23, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, TSX:CNU) today announced the commencement of production of Lufeng oil fields regional development project. The Lufeng oil fields is located in Eastern South China Sea and mainly include Lufeng 14-4 oil field, Lufeng 14-8 oil field, Lufeng 15-1 oil field and Lufeng 22-1 oil field, with an average water depth of about 140-330 meters. The main production facilities include 2 drilling production platforms and 1 subsea production system. 35 development wells are planned to be put into production, including 26 production wells and 9 water injection wells. The project is expected to achieve its peak product
HONG KONG, Oct. 28, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, TSX:CNU) today announced its key operational statistics for the third quarter of 2021. The Company achieved a total net production of 144.1 million barrels of oil equivalent ("BOE") for the third quarter of 2021, representing an increase of 9.9% year-over-year ("YoY"). Production from China increased by 13.0% YoY to 100.1 million BOE, mainly attributable to production growth from the commencement of new projects including Caofeidian 6-4 oilfield, Luda 21-2 oilfield and the production growt
HONG KONG, Sept. 30, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, NYSE:CEO, TSX:CNU) announced today that the Company made a large-sized discovery of Kenli 10-2 in Bohai. The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15.7 meters. The main oil-bearing formation of Kenli 10-2 oilfield is in the lower member of Neogene Minghuazhen Formation and the oil properties are conventional heavy oil. The discovery well Kenli 10-2-4 was drilled and completed at a depth of 1,520 meters, and encounter
HONG KONG, Sept. 24, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, NYSE:CEO, TSX:CNU) today announced that Bozhong 19-4 oilfield comprehensive adjustment project has commenced production. Bozhong 19-4 oilfield comprehensive adjustment project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities of Bozhong 25-1 oilfield, the project has built a new eight-legged central equipment platform. A total of 25 development wells are planned, including 18 production well
HONG KONG, Sept. 22, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, NYSE:CEO, TSX:CNU) announced today that Qinhuangdao/ Caofeidian onshore power project has commenced operation successfully. This onshore power project is located in the mid-western Bohai Bay, containing two parts, firstly the Qinhuangdao 32-6 and Caofeidian 11-1 oilfields onshore power project, and secondly the Qinhuangdao 32-6 facility capacity expansion project. The Qinhuangdao 32-6 oilfields are approximately 20 kilometres from the coast, with an average water depth of 19 meters. The
HONG KONG, Aug. 26, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, NYSE:CEO, TSX:CNU) today announced that Bozhong 26-3 oilfield expansion project has commenced production. Bozhong 26-3 oilfield expansion project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities, the project has built a new unmanned wellhead platform and a power platform. A total of 8 development wells are planned, including 5 production wells, 2 water injection wells and 1 development and a
15F-12B - CNOOC LTD (0001095595) (Filer)
25-NSE - CNOOC LTD (0001095595) (Subject)
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HONG KONG, Aug. 25, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announced its 2022 interim results for the six months ended June 30, 2022. During the period, the Company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the "three major programs", namely, Reserves & Production Augmentation, Independent Technological Innovation and Green Energy Transition. It implemented the campaign of Quality and Efficiency Dual Upgrading. Solid progress had been made and the operating results reached t
HONG KONG, Aug. 19, 2021 /PRNewswire/ -- CNOOC Limited ((the ", Company", , SEHK: 00883, NYSE:CEO, TSX:CNU) today announced its 2021 interim results for the six months ended June 30, 2021. In the first half of 2021, faced with the complicated situation, the Company further strengthened its business strategy, firmly advanced various production and operation tasks, and scaled new heights in reserves and production. The commencement of major projects inspired all employees. Thanks to such efforts, we achieved outstanding operating results. Net oil and gas production hit a record
HONG KONG, March 25, 2021 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883,NYSE: CEO, TSX: CNU) today announced its 2020 annual results for the year ended December 31, 2020. In 2020, CNOOC Limited strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices and the impact of COVID-19 epidemic, and built up a strict defence line for pandemic prevention and control with concerted efforts. The safe production situation remained stable. The annual oil and gas reserves and production hit a new record high, and cost decreased to a 10-Year Low. The Company maintained a stable financial position during the year. At same time, t