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Company Overview

China National Offshore Oil Corporation (“CNOOC”), the largest offshore oil & gas producer in China, is a mega state-owned company operating directly under the State-owned Assets Supervision and Administration Commission of the State Council of the People’s Republic of China.

The company was founded in 1982 and is headquartered in Beijing. After 30 years of reform and development, CNOOC has become an international energy company with promising primary businesses and a complete industrial chain, and its business covers more than 40 countries and regions. The company has formed five main business segments: oil & gas exploration and development, engineering and technical services, refining and marketing, natural gas and power generation, and financial services, and its sustainable development capacity has been significantly improved. In 2016, it ranked 109th in Fortune Global 500 and 30th in Petroleum Intelligence Weekly (PIW)’s World’s Top 50 Oil Companies. By the end of 2016, Moody’s and Standard & Poor’s rated the company with credit ratings of Aa3 and A+.

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