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As of 10:33 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

cnooc ltd (NC2B) Snapshot

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09/8/14 - €1.56
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03/17/14 - €1.04
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cnooc ltd (NC2B) Details

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China. It also has oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2013, the company owned net proved reserves of approximately 4.43 billion barrels-of-oil equivalent. It also provides bond issuance services. The company is based in Hong Kong, Hong Kong. CNOOC Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

17,553 Employees
Last Reported Date: 04/9/14

cnooc ltd (NC2B) Top Compensated Officers

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Executives, Board Directors

cnooc ltd (NC2B) Key Developments

CNOOC Ltd. Announces Commencement of Production of Enping 24-2 Oilfield

CNOOC Limited announced that its Enping 24-2 oilfield has commenced production. Enping 24-2 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 86~96 meters. The main production facilities include one drilling and production platform, one floating production storage and offloading unit (FPSO) and 17 producing wells. Currently there are 2 wells producing approximately 8,000 barrels of crude oil per day, and the project is expected to reach its peak production of approximately 40,000 barrels per day in 2017. Enping 24-2 is an independent oilfield which the company holds 100% interest and acts as the operator.

CNOOC Ltd. Presents at HSBC Asian Energy Day 2014, Sep-10-2014

CNOOC Ltd. Presents at HSBC Asian Energy Day 2014, Sep-10-2014 . Venue: Island Shangri-La, Hong Kong.

CNOOC Ltd. Announces Unaudited Consolidated Operating and Earnings Results for the Six Months Ended June 30, 2014; Declares Interim Dividend for the Six Months Ended June 30, 2014; Reaffirms Production Guidance for the Full Year 2014

CNOOC Ltd. announced unaudited consolidated operating and earnings results for the six months ended June 30, 2014. For the first half of the year, the company's total net oil and gas production reached 211.6 million barrels of oil equivalent (BOE), up 6.8% year-on-year (yoy), with 36.3 million BOE contributed by Nexen. The company's average realized oil price was USD 106.30 per barrel in the first half of 2014, representing an increase of 2.0% year over year, while average realized gas price rose 13.5% year over year to USD 6.44 per thousand cubic feet. Benefited from the growth of net oil and gas production and increase in realized oil and gas prices, the company recorded RMB 117.1 billion in oil and gas sales revenue, a year over year increase of 5.7%; meanwhile, net profit fell 2.3% year over year to RMB 33.59 billion. In the first half of the year, the company reported revenue of RMB 138,800 million compared to RMB 139,027 million a year ago. Profit from operating activities was RMB 48,449 million compared to RMB 45,636 million a year ago. Profit before tax was RMB 48,647 million compared to RMB 47,767 million a year ago. Profit for the period attributable to owners of the parent was RMB 33,593 million or RMB 0.75 per basic and diluted share compared to RMB 34,383 million or RMB 0.77 per basic and diluted share a year ago. The company's operating profit rose 6.2% year-over-year. CapEx was RMB 48.1 billion, up 27.2% year-over-year. This is mainly due to the increase in exploration and development workload. The company also announced that its board has declared an interim dividend of HKD 0.25 per share (tax inclusive) for the six months ended June 30, 2014 against HKD 0.25 per share, a year ago. For the full year 2014, the company continue to expect to achieve production target of 422 to 435 million BOE.


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