The corporation is investing heavily in new energy technologies, including offshore wind farms, hydrogen production, and carbon capture and storage (CCS). Upstream Operations and Resource Base The upstream segment is the crown jewel of CNOOC’s operations, focusing on the discovery and extraction of oil and gas reserves.
CNOOC Refining Marketing Gas Utilization Efficiency and Energy Transition
Innovation and the Energy Transition Like the rest of the energy sector, CNOOC is navigating the dual pressures of decarbonization and the energy transition. The Bohai Bay and South China Sea basins are prolific zones where CNOOC has made major discoveries, including the massive Penglaitan gas field.
These facilities are not only crucial for meeting domestic energy demand but also serve as the foundation for a vast retail network. China National Offshore Oil Corporation, widely recognized by its acronym CNOOC, stands as a pillar of China’s energy security and a dominant force in the global oil and gas industry.
Boosting Refining, Marketing, and Gas Utilization Efficiency
Corporate Governance and Sustainability To maximize value from the crude oil it extracts, CNOOC has built a formidable downstream network. The corporation operates a chain of refineries across China, converting raw material into gasoline, diesel, and petrochemical products.
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