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CNOOC

Contacts

CNOOC Ltd.
No.25,Chaoyangmenbei Dajie
Dongcheng District
Beijing 100010, P. R. China

Box 4705, No.25, Chaoyangmenbei Dajie
Dongcheng District, Beijing 100010, P. R. China

Tel: 86 10 8452 1010
cnooc@cnooc.com.cn

Description

CNOOC Limited, incorporated in the Hong Kong Special Administration Region (“Hong Kong”) in August 1999, was listed on The Stock Exchange of Hong Kong Limited on 28 February 2001. The Company was admitted as a constituent stock of the Hang Seng Index in July 2001.

The Company is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Company mainly engages in exploration, development, production and sale of crude oil and natural gas.

The Company’s core operation areas are Bohai, the Western South China Sea, the Eastern South China Sea and the East China Sea in offshore China. The Company has oil and gas assets in Asia, Africa, North America, South America, Oceania and Europe.

As of 31 December 2021, the Company owned net proved reserves of approximately 5.73 billion BOE, and its average daily net production was 1,569,560 BOE (unless otherwise stated, all amounts of reserve and production in this annual report include reserve and production accounted for by equity method). The Company had total assets of approximately RMB786.6 billion.

The Company’s net production for 2022 and 2023 are estimated to be 590-600 million BOE and 640-650 million BOE, respectively.

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