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CNOOC
CNOOC was formed in 1999 under the ultimate control of SASAC. The firm focuses on offshore exploration and production in Chinese waters via international...
CNOOC
CNOOC was formed in 1999 under the ultimate control of SASAC. The firm focuses on offshore exploration and production in Chinese waters via international cooperation agreements. Confirmed positions include joint development of the CSPC complex with Shell and participation in Guyana's Stabroek block alongside ExxonMobil. The firm also holds industrial assets such as the Long Lake Oil Sands Project in Alberta and the Huizhou Petrochemical Complex in Guangdong. Geographic reach covers China, Canada, and Guyana. CNOOC maintains the CNOOC Marine Environmental and Ecological Protection Public Welfare Foundation as a separate philanthropic vehicle. No recent operational events from the last 24 months appear in available records. The firm operates as a listed subsidiary with state oversight rather than an independent family or private structure.
General information
Firm type
Corporate Investor
Year founded
1999
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Beijing
Corporate office
No. 25 Chaoyangmenbei Dajie, Dongcheng District, Beijing, 100010, China
Sector focus
Frequently asked questions
Who controls investment decisions at CNOOC?
SASAC holds ultimate control as the state-owned assets supervisor. Operational decisions occur through the listed subsidiary structure.
Does CNOOC participate in fund commitments or direct deals?
CNOOC executes direct project-level investments and joint ventures rather than external fund commitments.
Which regions does CNOOC target for new projects?
Primary activity remains in Chinese offshore basins with additional exposure in Canada and Guyana through existing partnerships.
How is CNOOC related to China National Offshore Oil Corporation?
CNOOC functions as a listed subsidiary of China National Offshore Oil Corporation.
Does CNOOC maintain separate philanthropic structures?
Yes. The CNOOC Marine Environmental and Ecological Protection Public Welfare Foundation operates as a distinct entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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