North America Eagle Ford Shale (USA), Duvernay Formation (Canada) Diversifies portfolio into shale gas and tight oil, exposing the company to new technology. For decades, its primary focus remained on the waters adjacent to China, where it developed significant reserves and production capacity.
China National Offshore Oil Corp US Shale Gas Purchase: Securing North American Resources
The company’s assets are strategically divided between its mature offshore fields in China, such as those in the Bohai Sea, and its rapidly growing international portfolio. Integration and Downstream Capabilities Modern CNOOC is not just about drilling; it is a fully integrated energy company.
The company’s trajectory shifted dramatically in the early 2000s when it embarked on a path of internationalization, seeking to secure resources and expertise to support China’s rapid economic growth. 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 US Shale Gas Purchase Boosts International Portfolio
More recently, its purchase of a major shale gas asset in the United States has positioned it to benefit from the North American energy boom. Australia Browse Basin, Gorgon Project (equity) Access to world-class LNG reserves and export infrastructure.
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