CNOOC Limited is CNOOC's vehicle engaged in the exploration, development, production and marketing of oil and gas. CNOOC Limited was listed on both the Hong Kong and New York Stock Exchanges in February 2001 (Stock Code in New York: CEO; Stock Code in Hong Kong: 0883).
In offshore China, the company engages in oil and natural gas exploration,development and production activities in the Bohai Bay, the Western South ChinaSea, the Eastern South China Sea and the East China Sea either independently or through production sharing contracts with foreign partners. In overseas exploration, the company holds interests in oil and natural gas blocks inIndonesia, Australia, Nigeria and some other countries.
In 2010, the upstream business sector rendered its best performance ever, which forcefully propelled the development of the whole group and actively performed its responsibility of guaranteeing the oil and gas supply to the State and the society. 13 new oil/gas fields were identified; 9 projects commenced production; producing oil & gas fields added up to 81. Oil and gas exploration activities were conducted actively with breakthroughs and progress in Bohai Bay and South sea Region; significant growth in domestic oil and gas production; steady growth in overseas oil and gas production, recording a double breakthrough of 50 million tones and 10 million tonnes; effective measures for reliable and accelerated production in the existing oil and gas fields with the under control.
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