CNOOC Ltd (883.xhkg)

CNOOC Ltd (883.xhkg)

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CNOOC Ltd (883.xhkg) Profile

CNOOC Ltd (883.xhkg) is an investment company of offshore crude oil and natural gas headquartered in Beijing, China. It is the largest company that explores, develops, produces and sells crude oil and natural in offshore China, Canada, the United Kingdom, Argentina, the United States, Nigeria, Indonesia, Iraq, Brazil, Russia, Guyana, Australia and internationally with almost 18,353 employees. CNOOC Ltd stock (883.xhkg) is listed on the New York Stock Exchange (NYESE), The Stock Exchange of Hong Kong Limited (SEHK), had a market capitalisation of $45.05B (USD) and $15.35B (USD) in 2020 yearly revenues. CNOOC holds interests in various oil and gas assets in Asia, Africa, North America, South America, Europe, and Oceania. In December 2021, the company announced the safely commenced production of Buzzard Phase II development in offshore UK North Sea. It is expected to reach its peak production of approximately 12,000 barrels of oil equivalent per day in 2022 aiming to strongly promote the growth of the Company’s overseas production in the future. CNOOC Ltd also announced the commencement of production of Lufeng oil fields regional development project in the Eastern, South China sea.

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