July 11, 2014 3:28 PM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Offshore Oil Corporation

Company Overview

China National Offshore Oil Corporation, a state owned enterprise, engages in the exploration, development, production, and marketing of oil and gas in China. It offers upstream, mid, and downstream services; and produces and sells unconventional gas, coal bed methane, shale gas, fuels, fertilizers, bitumen, petrochemicals, and chemical products. The company offers technical services, including oilfield services; and engineering design, onshore fabrication, and offshore installation and maintenance services for oil and gas exploration and production, underwater engineering, mid and downstream, and alternative energy projects. It also provides financing, insurance, and asset management servic...

No.25,Chaoyangmenbei Dajie

Dongcheng District

Beijing,  100010


Founded in 1982


86 10 8452 1010


86 10 6460 2600

Key Executives for China National Offshore Oil Corporation

Chief Executive Officer and Secretary of The Leading Group of The Communist Party
Age: 63
Age: 53
Chief Financial Officer
Age: 59
Vice President
Age: 51
Chief Compliance Officer
Age: 57
Compensation as of Fiscal Year 2014.

China National Offshore Oil Corporation Key Developments

China National Offshore Oil Corporation Opens New Office in Hoima

China National Offshore Oil Corporation opened a new office in Hoima.

China National Offshore Oil Corporation and Royal Dutch Shell plc Sign Global Strategic Alliance Agreement

China National Offshore Oil Corporation and Royal Dutch Shell plc have signed a global strategic alliance agreement. The agreement reconfirms both parties' commitment to the existing strategic partnership in China and around the world. Under the Agreement, the companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream. The parties are also working together in liquefied natural gas (LNG) projects and upstream deepwater projects including in Gabon and Brazil among others.

China National Offshore Oil Corporation Signs Production Sharing Contract with Eni China B.V

CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract with Eni China B.V. (Eni) for the Block 50/34 in South China Sea. Block 50/34 is located in the Qiongdongnan Basin of offshore Hainan Island with a total area of 2,000 square kilometers. According to the terms of the contract, Eni will conduct 3D seismic survey and drill exploration well in Block 50/34 during the 6.5 years exploration period. All expenditures incurred during the exploration period will be borne by Eni. CNOOC Limited has the right to participate in up to 51% working interest in any commercial discoveries in the block.

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