CNOOC stands for China National Offshore Oil Corporation. It is a state-owned oil and gas company based in China. CNOOC is one of the largest oil and gas exploration and production companies in the world.
CNOOC operates in offshore areas of the South China Sea, East China Sea, and Bohai Sea, focusing on the exploration, development, and production of oil and natural gas resources. The company is also involved in liquefied natural gas (LNG) and other downstream operations.
As a state-owned enterprise, CNOOC plays a significant role in China's energy sector and is responsible for ensuring the country's energy security. It has an integrated business model, encompassing upstream exploration and production activities as well as downstream operations such as refining, petrochemicals, and marketing.
CNOOC's operations involve offshore drilling and production platforms, floating production storage and offloading (FPSO) vessels, subsea pipelines, and onshore processing facilities. The company has made significant investments in technology and innovation to enhance its exploration and production capabilities and to ensure the safe and environmentally responsible extraction of hydrocarbon resources.
CNOOC also engages in international cooperation and collaboration, seeking partnerships and joint ventures with other global companies to expand its presence in overseas markets and access new resources. The company is listed on the Hong Kong Stock Exchange and the New York Stock Exchange, making it accessible to global investors.
