Init bought 5. Thirdly, in support of disaster relief, CNOOC regularly provides major donations to regions affected by natural disasters.
The group has also gone to great lengths to meet its responsibility as a global citizen. It acquired five blocks in Indonesia from Spanish oil company Repsol inbecoming its largest offshore operator.
In accordance with the commitment by the Chinese government to join the World Trade Organizationthe oil market will be opened to non-Chinese companies such as Exxon Mobil and BP by the end of At the end ofits total assets and net assets had reached The annual output in Bohai Bay exceeded 10 million tons of oil equivalent for the first time, making it the second offshore area producing over 10 million tons after the Eastern South Sea and an energy-production base in northern China.
CNOOC has completed its preliminary strategic natural-gas deployment in southern coastal areas up to the Yangtze River. Within the poverty relief program, CNOOC has been engaged in aid programs in the Tibet autonomous region and in Hainan province since With a history spanning 20 years, CNOOC has developed into an integrated energy company by incorporating complete oil and gas production services into its core business.
The company signed all mid- and downstream contracts for the Guangdong and Fujian LNG projects and imported 3. The company is fifth and twelfth in gross profits and total assets of state-owned enterprises in China. CNOOC had an integrated industrial portfolio as it expanded into refining.
Domestic production was The company has six main business sectors including oil and gas exploration and development, technical services, logistic services, petrochemicals and chemicals, gas and power generation, and financial services. All six sectors have experienced significant growth, thus enabling the company to maintain its competitive edge.
The group invested another 10 million RMB to set up an education foundation in Hainan province. American corporations were prohibited from purchasing assets in China, and it was also argued that foreign, communist ownership of oil assets might be a regional and economic-security risk; Unocal had sensitive deep-sea exploration and drilling technology.
Building an environmentally-friendly enterprise - CNOOC has established a comprehensive system of environmental protection.
CNOOC, in cooperation with foreign partners, is responsible for the exploration and development of Chinese offshore oil and gas resources. CNOOC tried to acquire In this respect, CNOOC has set up a strict management system for safe production and provides training and education to all of its employees Charity - CNOOC has established a public welfare foundation which funds poverty relief, educational scholarships, and disaster relief.China National Offshore Oil Corporation (CNOOC) is the largest offshore oil and gas producer in the People’s Republic of China.
The company is a mega government owned company and directly operated by the State-owned Assets Supervision and Administration Commission of the State Council of the People’s Republic of China.
China National Offshore Oil Corporation, or CNOOC Group, is a major national oil company in China. It is the third-largest national oil company in the People's Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec).
The graph shows the number of employees at China National Offshore Oil Corporation (CNOOC) from to Inthe CNOOC had employed about 19, people. China National Offshore Oil Corporation (CNOOC) is a state-owned oil company which was incorporated on 15 February CNOOC, in cooperation with foreign partners, is responsible for the.
Company Profile Company Culture History Organization Structure Subordinate units Qualification/Honor Cooperative partners.
Organization Structure; Organization Chart. The organizational chart of China National Offshore Oil Corporation displays its main executives including Jian Liu, DongFen Wen and Guangyu Yuan.Download