| 2003 |
|
December 18 |
China National Offshore Oil Corp.(CNOOC)took sixth place in the annual appraisal and selection of "Top 200 Asian Enterprises" held by Hong Kong "Far East Economic Review". |
| December 5 |
CNOOC Limited continued to hold the first place in the appraisal and selection of "2003 Best Management Enterprises in Asia" held by the international famous professional magazine of finance and economics--"The Assets". |
|
December 3 |
The stock of CNOOC Limited reached HK$ 18 in Hong Kong Stock Exchange, exceeding 200% than that of IPO (Initial public offering). |
|
November 26 |
The signing ceremony of construction frame for CNOOC natural gas Zhuhai Project was held. The project, expected to complete and put into operation at the end of 2005, will provide good industrial and civil gas for Zhuhai, Macau,Zhongshan and even the whole region of Pearl River Delta.
|
| November 18 |
The CNOOC's methanol project with annual out put of 600,000 tons was started in Dongfang Chemical City of CNOOC. The project, with investment of RMB 1.47 billion,is the largest methanol project in China by now and also another important project of downstream industry of CNOOC. |
|
November 11 |
CNOOC and PNOC EC signed a letter (LOI) in Manila for joint exploration and development of oil and gas resources in South China Sea. |
|
October 24 |
CNOOC Limited and Australian parties concerned signed a frame agreement for the cooperation of the largest natural gas exploitation project in Australia--GORGAN Project. After signing and completing the future related formal contracts, CNOOC Limited will purchase some equity from the GORGON Project of natural gas exploitation, and CNOOC will arrange to directly purchase some quantity of LNG from the GORGON Project so as to meet the increasing demand for natural gas in the Chinese market. The agreement may hopefully help to bring about one of the largest transactions concerning liquefied natural gas in the history of the industry. |
|
October 18 |
The foundation stone laying ceremony for Heavy Traffic Bitumen project of CNOOC Bitumen (Sichuan) Co.,Ltd. was solemnly held in Luzhou, Sichuan. It was the first investment project of CNOOC in the Southwest China. |
| October 16 |
Wang Dongming, vice minister of Organization Department of the CPC Central Committee, announced the central appointment of main leaders concerning the leading body of CNOOC, appointing Fu Chengyu, former Vice President and member of leading Party group of CNOOC,as President and secretary of leading Party group of CNOOC. |
|
October 16 |
Moody's Investors Service Inc., a leading global credit rating firm, announced upgrading the credit rating of CNOOC and CNOOC Limited from Baal to A2, which is equal to China's sovereignty rating. |
|
October 16 |
The first-stage project for extending Donghai Pinghu Oil and Gas Field of Shanghai Petroleum and Natural Gas Co.,Ltd., whose 30% shares are held by CNOOC Limited, was put into operation. |
|
September 30 |
The Fudao Phase ¢ò of Fertilizer Project of CNOOC was built up and put into production with months ahead of schedule. The construction period of the project was only 21 months, so it is the project with the shortest construction cycle concerning large-sized facility of chemical fertilizer in China. |
|
September 23 |
The first-stage project of Dongfang 1-1 Gas Field--the largest offshore self-operation gas field in China, which is developed by CNOOC limited, was put into production successfully. |
|
September 4 |
CNOOC Limited announced that by June 30,2003, the net profit of the company has remarkably increased to RMB 6.3 billion (US$ 765 million), greatly increasing by 75.0% and the total income was increased by 68.3%. The board of directors of the company approved to grant interim dividend and special interim dividend to shareholders with each share of HK$ 0.14 and HK$ 0.18 respectively. |
| August 23 |
The project of filling in the sea for receiving terminal of Fujian LNG Terminal and Trunk Line project was started at the construction site of Xiuyugang Receiving Terminal of Putian city, which showed the project has entered the substantive implementation stage.
|
|
August 19 |
CNOOC, Sinopec Group, Shell and Unocal signed five petroleum contracts in Great Hall of the People to jointly develop Xihu Trough in East China Sea. |
|
August 10 |
The project of Dongfang--Yangpu--Haikou gas pipeline, the first long-distance onshore pipeline for natural gas of CNOOC, was completed, realizing the target of successful delivery of natural gas of Dongfang 1-1 gas field to Hainan Yangpu Economic Development Zone and Haikou.
|
|
August 1 |
The project financing agreement of term loan concerning limited recourse for 4.46 billion US dollars of Nanhai Petrochemical Project of CNOOC and Shell Petrochemicals Co.,Ltd., the joint venture company of the Royal Dutch/Shell Group of Companies with a 50 percent stake and CNOOC also 50 percent, was signed. |
|
July |
CNOOC Limited achieved an important discovery of natural gas in the eastern South China Sea. The initial assessment on the two important gas fields of Panyi 30-1 and Panyu 34-1 discovered by the company at the end of 2002 confirmed that the estimated storage of the two gas fields was about 1.5 trillion cubic feet (tcf). Itwas the first important discovery of natural gas achieved in the Pearl River Mouth Basin in South China Sea, and 100% of the equity of the two gas fields is possessed by CNOOC Limited. |
| July 3 |
Forbes Magazine released the list of new global Top 2000 companies, which gave an integrated consideration of many factors such as sales revenue, net profit, total assets and marketable capitalization, etc. Inthe ranking list CNOOC Limited took 532nd place concerning the integrated factors, and 1279th, 171st, 1161st and 340th places respectively in terms of sales revenue, net profit, total asets and marketable capitalization. |
June 22
|
CNOOC 111, the floating production storage and offloading (FPSO) facility invested and built by CNOOC was delivered in Waigaoqiao Shipyeard, Shanghai.
|
|
May 15 |
CNOOC Limited and the shareholders of Australia Northwest Shelf Natural Gas Project (NWS) signed the acquisition agreement conccerning the equity of output and storage for upstream oil field of the project, and CNOOC Limited obtained 25% of the equity of the newly established joint venture--China Liquefied Natural Gas Joint Venture within NWS project, and gained about 5.3 equity with regard to the specific production license, ownership of lease and exploration license of NWS project. CNOOC Limited had to pay US$ 348 million for the acquisition. Meanwhile, CNOOC Limited will also enjoy the participation right for the exploration beyond known reserves in the future. |
|
May 15 |
CNOOC Limited took the lead among the Chinese enterprises in issuing 30-year bonds and issued us$ 500 million global bonds successfully. Furthermore, its issuing interest rate was among the lowest of the bonds issuing interest rate. It set good image in the international ultra-long bonds market for the Chinese SOEs. |
| March 20 |
CNOOC won the Special Achievement Prize of the National Enterprise Management Innovation issued by the Chinese Enterprise Joint Association and the Chinese Entrepreneur Association. |
|
March |
CNOOC began to carry out employment and salary system reform in the whole group. All the participants of the reform must work by competition in accordance with the new employment procedures. This was the important move to realize the marketing and internationalization in configuration of human resources and improvement of the international competitiveness of the enterprise. |
|
February 12 |
CNOOC Limited was awarded four prizes: the Best Governed Company, Best Company, Best Company Lssuing Bonds and Best Accquisition in the survey and evaluation held by Assets, the famous financial Journal. |
|
February 4 |
CNOOC Limited declared completing the acquisition of stock equity of the reserves of Indonesia Muturi LNG Project. |
