Australia Browse Basin, Gorgon Project (equity) Access to world-class LNG reserves and export infrastructure. Its journey reflects the ambition of a modern Chinese enterprise balancing massive domestic demand with strategic global investments.
China National Offshore Oil Corp Retail Network Strength and Market Reach
Region Key Assets or Projects Strategic Importance China (Bohai Sea) Jidong, Penglai, and other mature fields Provides stable, low-cost production to meet domestic demand. This dual strategy ensures a stable supply of resources for the Chinese market while exporting its technical capabilities and capital abroad.
North America Eagle Ford Shale (USA), Duvernay Formation (Canada) Diversifies portfolio into shale gas and tight oil, exposing the company to new technology. As the nation’s largest offshore energy producer, the company has evolved from a regional explorer into an integrated international energy group with a footprint that spans continents.
China National Offshore Oil Corp Retail Network Strength and Market Reach
Core Business Operations and Assets The foundation of CNOOC’s business lies in its upstream operations, which involve exploration, development, and production of oil and natural gas. Downstream operations, including refining, petrochemicals, and marketing of petroleum products, form a critical part of its value chain.
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