Table of Contents
Table of Contents 3
List of Tables 7
List of Figures 8
CNOOC Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 9
CNOOC Ltd, Oil & Gas Deals By Type, 2011 to YTD 2017 10
CNOOC Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 11
CNOOC Ltd, Oil & Gas, Deals By Sector, 2011 to YTD 2017 12
CNOOC Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 13
CNOOC Ltd, Oil & Gas, Deal Details 16
Asset Purchase 16
Nexen Petroleum Completes Acquisition Of 80% Interest In License Option 16/23 Offshore Ireland From Faroe Petroleum 16
CNOOC Acquires 65% Interest In AGC Profond PSC, Offshore Senegal and Guinea-Bissau From Impact Oil 17
Tullow Oil To Sell 21.57% Interest In Lake Albert Oil Project In Uganda To Total And CNOOC For US$900 Million 18
CNOOC China Completes Acquisition Of Modular Drilling Rig, R5001, From China Oilfield Services For US$8.2 Million 20
CNOOC Completes Acquisition Of 51% Working Interest In Block 33/07 From Primeline Energy China And Primeline Petroleum 21
CNOOC Mulls Acquisition Of Exploration License Offshore Cyprus 22
CNOOC Completes Acquisition Of 33.33% Interest In Exploration Licenses In Uganda From Tullow Oil For US$1.47 Billion 23
Nexen Petroleum Acquires 40% Working Interest In 10 Concessions In Paleozoic Shale Play From Marathon Oil 24
CNOOC Acquires 33.3% Interest In 800,000 Net Acres From Chesapeake Energy 25
Partnerships 27
CNOOC Energy Technology Forms Joint Venture With MSP/DRILEX 27
CNOOC Gas & Power Forms Partnership With Huainan Mining Industry To Build LNG Terminal In China 28
Government Of Uganda, Total, Tullow Oil And CNOOC To Form Partnership To Develop Lake Albert Rift Basin Assets 29
Forum Energy Plans To Form Partnership With CNOOC 30
CNOOC Enters Into Partnership Agreement With SANY Heavy Industry 31
Nexen Forms Joint Venture With CNOOC 32
Equity Offering 33
Nexen Completes Public Offering Of Preferred Shares For US$200 Million 33
Debt Offering 35
CNOOC Completes Public Offering Of 2.625% Notes, Due 2020, For US$1.5 Billion 35
CNOOC Completes Public Offering Of 3.5% Notes Due 2025 For US$2 Billion 37
CNOOC Completes Public Offering Of 4.2% Notes, Due 2045, For US$300 Million 39
CNOOC Completes Public Offering Of 4.875% Notes For US$500 Million 41
CNOOC Completes Public Offering Of 4.25% Notes For US$2.25 Billion 42
CNOOC Completes Public Offering Of 1.625% Notes Due 2017 For US$1.25 Billion 43
CNOOC Completes Public Offering Of 4.25% Notes Due 2043 For US$500 Million 44
CNOOC Completes Public Offering Of 1.125% Notes Due 2016 For US$750 Million 45
CNOOC Completes Public Offering Of 1.75% Notes Due 2018 For US$750 Million 46
CNOOC Completes Public Offering Of 3% Notes Due 2023 For US$2 Billion 47
CNOOC Completes Private Placement Of 5% Notes Due 2042 For US$500 Million 48
CNOOC Completes Private Placement Of 3.875% Notes Due 2022 For US$1.5 Billion 49
CNOOC Completes Private Placement Of 5.75% Guaranteed Notes due 2041 For US$500 Million 50
CNOOC Completes Private Placement Of 4.25% Guaranteed Notes due 2021 For US$1,500 Million 51
Asset Transactions 52
CNOOC Plans To Farm-Out Interests In Two Oil Blocks In Gulf of Mexico 52
BP Acquires Interest In P2062 License In UK North Sea From Nexen Energy 53
Oil Search (PNG) To Acquire 40% Interest In PPL374 And PPL 375 Licenses Located Offshore Papua New Guinea, From Gini Energy 54
ExxonMobil To Acquire 40% Interest In PPL374 And PPL 375 Licenses Located Offshore Papua New Guinea From Gini Energy 55
EPL Oil & Gas Completes Acquisition Of Oil And Gas Assets In Gulf of Mexico From Nexen Petroleum For US$70.4 Million 56
Chevron China Energy Signs PSC With CNOOC For Blocks 15/10 And 15/28 In Pearl River Mouth Basin, Offshore China 57
Oryx Petroleum Acquires 20% Interest In Haute Mer A License Area Offshore Congo From CNOOC For US$14.1 Million 58
North Sea Ventures To Acquire 50% Interest In P234 Block 14/20c From Nexen Petroleum 59
Atlantic Petroleum Acquires 20% Interest In P.1100 Polecat Discovery, Blocks 20/4a And 20/9a, UK North Sea, From Nexen Petroleum 60
INPEX Completes Acquisition Of 40% Participating Interest In Shale Gas Projects In British Columbia From Nexen For US$675 Million 61
PGNiG Norway Acquires Additional 15% Stake In PL558 From Nexen Exploration Norge 63
Statoil Acquires 27.5% Stake In Kakuna Prospect From Nexen 64
TOTAL Acquires 25% Interest In Block BC Exploration License From CNOOC Middle East (Qatar) 65
DEO Petroleum Acquires 42.08% Interest In Perth Assets In North Sea From Nexen Petroleum For US$16.7 Million 66
Faroe Petroleum Acquires 28% Interest In Two UK Offshore Licenses P218 And P588 67
Nexen Completes Sells Remaining Interest In Perth License Area To Maersk Oil And Atlantic Petroleum 68
Acquisition 69
CNOOC Canada Completes Acquisition Of Nexen, Oil And Gas Company, For US$15.1 Billion 69
CNOOC To Acquire Additional 20% Stake In China United Coalbed Methane From China National Coal Group For US$92.2 Million 71
CNOOC Australia Acquires 70% Stake In PNG Energy From UMC Energy 72
CNOOC Acquires Zhuhai Donghua Natural Gas From Sinopec 73
CNOOC Sells CNOOC ONWJ To EMP International For US$212 Million 74
CNOOC Completes Acquisition Of OPTI Canada For US$2.1 Billion 75
UMC Energy Acquires PNG Energy 77
IGAS Energy Acquires Nexen Exploration 78
Samudra Energy Completes Acquisition Of 20% Stake In Husky Oil (Madura) 79
CNOOC Ltd – Key Competitors 80
CNOOC Ltd – Key Employees 81
CNOOC Ltd – Locations And Subsidiaries 82
Head Office 82
Other Locations & Subsidiaries 82
Joint Venture 85
Recent Developments 86
License Rounds 86
Sep 19, 2017: Uruguay launches third licensing round for hydrocarbon exploration and production 86
Apr 12, 2017: CNOOC Announces Notification For Bidding Blocks Offshore China In 2017 88
Nov 28, 2016: CNH Releases Final List Of Firms For December 2016 Deepwater Oil Auctions 90
License Awards 91
Oct 27, 2017: Shell Winning Bids Expand Pre-Salt Growth In Deep-Water Brazil 91
Sep 27, 2017: Petrobras Acquires Seven Blocks In 14th Round Of ANP Bidding 92
Sep 19, 2017: Armour Energy Granted Exploration Licence For Kanywataba Block In Uganda 93
Sep 14, 2017: DGR Interest In Ugandan Oil Project 94
Dec 05, 2016: CNOOC Secures Two Blocks In Perdido Fold Belt In Mexico’s Deep Water Auction 96
Strategy and Business Expansion 97
Sep 14, 2017: Nexen Energy: Announcement On Aurora LNG Feasibility Study 97
Mar 31, 2017: FAR Signs Strategic AMI Agreement With CNOOC UK 98
Jan 19, 2017: CNOOC Announces Its 2017 Business Strategy And Development Plan 99
Feb 26, 2016: Jera In Talks With KOGAS And CNOOC For LNG Alliance 100
Jan 26, 2016: CGN and CSIC Achieved Strategic Cooperation to Develop Offshore SMR Demonstration Project 101
Jan 19, 2016: CNOOC Announces Its 2016 Business Strategy And Development Plan 102
Recent Discoveries 103
Aug 16, 2016: SONATRACH, PTTEP complete drilling program in Hassi Bir Rekaiz, Algeria 103
Jun 15, 2016: Petrobras: New Well In Libra Confirms Extension Of Oil Discovery 104
Mar 23, 2016: PTTEP And Its Partners SONATRACH And CNOOC Announce Significant Substantial Flow Rate Of Crude Oil At Hassi Bir Rekaiz Field, Algeria 105
Feb 26, 2016: CNOOC Makes Ultra-Deepwater Gas Discovery In South China Sea 106
Drilling and Production Updates 107
Jul 31, 2017: CNOOC Announces BD Gas Field In Indonesia Commences Production 107
Jun 03, 2016: CNOOC: Drilling Rig Nanhai 9 Starts Its First Exploration Well In The Far East 108
Feb 01, 2016: CNOOC Announces Two New Projects Commence Production 109
Jan 27, 2016: CNOOC: Kenli 10-4 Oilfield Commences Production 110
Financial Announcements 111
Aug 24, 2017: CNOOC: Costs Continue To Improve With Profits Significantly Increased 111
Mar 23, 2017: CNOOC: Reshaping Cost Competitiveness, Steady Progress Made In All Businesses In 2016 112
Oct 26, 2016: CNOOC Provides 2016 Third Quarter Review 120
Aug 24, 2016: CNOOC: Cost Control Measures Achieve Remarkable Results Steady Progress In All Businesses In 1H 2016 121
Mar 24, 2016: CNOOC: Steady Progress In All Businesses Production Target Fully Met 122
Other Significant Developments 123
Nov 30, 2017: Petrobras files for declaration of commerciality of Libra production 123
Nov 28, 2017: CNOOC Announces Weizhou 12-2 Oil Field Phase II Project Commences Production 124
Nov 27, 2017: Total Announces Brazil’s Giant Libra Field Comes On Stream 125
Nov 15, 2017: Primeline Update On CNOOC Arbitration And Application For Interim Injunction Against CNOOC And CCL 126
Oct 30, 2017: Horizon Oil Provides Quarterly Report For Period Ending 30 September 2017 128
Oct 25, 2017: CNOOC Announces Key Operational Statistics For Q3 2017 131
Oct 03, 2017: TechnipFMC: Installation Of 6 Manifold Modules For Total’s Egina Project In Nigeria 132
Sep 19, 2017: NNPC To Fast-Track Local Capacity Development In Oil Industry 133
Sep 13, 2017: Armour Energy Announces Project And Corporate Update 135
Aug 18, 2017: ALSF Weighs In On Uganda’s Oil Refinery Project 138
Aug 08, 2017: CNOOC Announces Hangingstone Project Commences Production 139
Aug 08, 2017: JAPEX: Start Of Production Operations In Oil Sands Project At Hangingstone In Province Of Alberta, Canada, And Decision Not To Re-start SAGD Operations In 3.75 Section Area 140
Jul 06, 2017: Tragic Accident At South Korea’s Samsung Yard Delays Martin Linge Project In Norway 141
Jun 20, 2017: Teekay’s First LNG Newbuilding Carrier Built In China Completes Sea Trials 142
May 16, 2017: Alexey Miller Speaks At CNPC’s Roundtable On Oil And Gas Cooperation As Part Of Belt And Road Forum 143
May 12, 2017: Ministry Of Energy And Mineral Development Celebrating Annual Manifesto Week, From 12th To 19th May, 2017 145
May 03, 2017: Qatargas Delivers Commissioning Cargo To New Chinese LNG Terminal 154
May 02, 2017: Petrobras: Innovation And Increased Efficiency In Libra Field 155
Apr 27, 2017: CNOOC Limited Announces Key Operational Statistics for Q1 2017 156
Apr 12, 2017: Providence Resources Provides 2016 Annual Results – Significant Operational & Financial Progress In 2016 Drilling Set To Commence In Summer 2017 157
Apr 03, 2017: Sino Gas & Energy Holdings Provides Operations Update. 162
Mar 14, 2017: T&K Assists BHP Billiton, CNOOC, And PETRONAS In Signing Of Deepwater License Agreements In Mexico 164
Feb 10, 2017: CNOOC Announces Startup Of Hui Zhou 19-1 165
Jan 17, 2017: CNOOC begins production at Enping 23-1 oilfield in South China Sea 166
Jan 12, 2017: CNOOC Announces Penglai 19-9 Comprehensive Adjustment Project Commences Production 167
Dec 20, 2016: CNOOC Announces Appointment Of Non-Executive Director 168
Dec 19, 2016: China To Establish First Deep Sea Oil Spill Emergency Center 169
Dec 14, 2016: CNOOC To Commission New Huizhou Oil Refinery In Q2 2017 170
Dec 12, 2016: CNPC Takes Eastern Section Of Third West-East Natural Gas Pipeline Online 171
Nov 28, 2016: Primeline Receives Support From Bank Syndicate During Arbitration 172
Nov 12, 2016: Petrobras Finishes First Well In Libra Oilfield Off Brazil 173
Nov 02, 2016: Guangdong Zhenrong Seeks $5.5bn Funding For Oil Project In Caribbean Island 174
Nov 02, 2016: Nexen Petroleum Plans Buzzard Phase II Development In UK Offshore Region 175
Oct 27, 2016: Brazil’s Libra Oil Field To Begin Production In 2020: Petrobras 176
Oct 25, 2016: CNOOC Announces Key Operational Statistics For Q3 2016 177
Oct 07, 2016: CNOOC, Eykon And Petoro Optimistic On The Status And Continuation Of Oil Exploration In Iceland 178
Oct 04, 2016: Tanzania Inks MoU With Congo On Joint Oil And Gas Exploration In Lake Tanganyika 179
Oct 04, 2016: Petrobras Commences New Bid Process For The Libra Pilot Project FPSO 180
Sep 21, 2016: CNOOC: Enping 18-1 Oilfield Commences Production 181
Sep 12, 2016: CNOOC: Weizhou 6-9/6-10 Comprehensive Adjustment Project Commences Production 182
Aug 22, 2016: China’s Guangdong Dapeng Terminal Receives First LNG Cargo From Sabine Pass Facility 183
Aug 02, 2016: Husky Energy And CNOOC Announce Agreement For Liwan Gas Project 184
Jul 28, 2016: CNOOC Profit Warning Announcement 185
Jul 26, 2016: Green Dragon Gas: Operations Update 186
Jul 04, 2016: CNOOC Takes Upgraded Daxie Refinery Into Operation 188
Jun 27, 2016: U.S. Oil And Mining Companies To Disclose Payments To Governments 189
Jun 22, 2016: China’s CNOOC Ships Australia-Spec Diesel Cargo From Huizhou Refinery 191
Jun 16, 2016: CNOOC Receives Permit To Expand Shanghai LNG Terminal 192
Jun 15, 2016: CNOOC Announces Changes In Directors And Senior Management 193
Jun 10, 2016: CNOOC’s Zhejiang LNG Terminal Receives Cargo From Peru 195
Jun 09, 2016: Primeline Files Notice Of Arbitration Against CNOOC 196
Jun 07, 2016: Shell Takes Final Investment Decision To Build A New Petrochemicals Complex In Pennsylvania, US 197
Jun 02, 2016: China’s Guangdong Dapeng Terminal Takes Delivery Of 720th LNG Cargo 198
May 31, 2016: Rosneft Delegation Participated In The Work Of Russian-Chinese Commission For Energy Cooperation 199
May 30, 2016: Gazprom Addresses Cooperation With CNPC And CNOOC 200
May 24, 2016: Primeline Commences Arbitration Against CNOOC 201
May 03, 2016: CNOOC Begins Expansion Project At Fujian LNG Terminal In China 202
Apr 29, 2016: Horizon Oil Provides Report On Third Quarter Activities – 31 March 2016 203
Apr 28, 2016: CNOOC Announces Key Operational Statistics For Q1 2016 206
Apr 25, 2016: CNOOC: Panyu 11-5 Oilfield Commences Production 207
Apr 18, 2016: CNOOC Unveils New Pan Asia LNG Tanker In China 208
Mar 21, 2016: Petrobras: New Well In Libra Confirms The Presence Of Good Quality Oil 209
Mar 17, 2016: Gazprom And CNOOC Address Priority Areas Of Cooperation 210
Mar 02, 2016: Europa Oil & Gas: Three Large Prospects Identified On New Licensing Option, Offshore Ireland 211
Feb 25, 2016: China’s CNOOC Solicits Tenders To Bid For 18 Deepwater Offshore Blocks 213
Feb 17, 2016: Petrobras: New Well In Libra Confirms Oil Discovery Extension In The Block 214
Jan 19, 2016: CNOOC Looks To Reduce Oil And Gas Production In 2016 215
New Contracts Announcements 216
Nov 02, 2017: ENGIE’s Cape Ann To Provide FSRU Services To Chinese Group CNOOC For Winter Season 216
Oct 04, 2017: Green Dragon Executes Another Three Supplementary Agreements 217
Sep 14, 2017: Wood Group Wins Subsea Contract Supporting CNOOC In South China Sea 220
Sep 05, 2017: CNOOC Signs PSC With SK 221
Apr 14, 2017: CNOOC Signs PSC With Husky 222
Apr 13, 2017: Husky Signs Agreement For New Exploration Block Offshore China 223
Mar 27, 2017: Maersk Drilling secures contract for jack-up rig Maersk Gallant 224
Mar 02, 2017: Plexus Holdings Awarded Contract By New Customer Nexen 225
Feb 12, 2016: MTE Awarded Additional Heat Shield Contract For The Egina FPSO 226
Feb 05, 2016: CLP Power Brings New Natural Gas Supply To Hong Kong 227
Appendix 228
Methodology 228
About GlobalData 228
Contact Us 228
Disclaimer 228
CNOOC Ltd, Oil & Gas, Key Facts, 2016 2
CNOOC Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 2
CNOOC Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 9
CNOOC Ltd, Oil & Gas Deals By Type, 2011 to YTD 2017 10
CNOOC Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 11
CNOOC Ltd, Deals By Sector, 2011 to YTD 2017 12
CNOOC Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 13
Nexen Petroleum Completes Acquisition Of 80% Interest In License Option 16/23 Offshore Ireland From Faroe Petroleum 16
CNOOC Acquires 65% Interest In AGC Profond PSC, Offshore Senegal and Guinea-Bissau From Impact Oil 17
Tullow Oil To Sell 21.57% Interest In Lake Albert Oil Project In Uganda To Total And CNOOC For US$900 Million 18
CNOOC China Completes Acquisition Of Modular Drilling Rig, R5001, From China Oilfield Services For US$8.2 Million 20
CNOOC Completes Acquisition Of 51% Working Interest In Block 33/07 From Primeline Energy China And Primeline Petroleum 21
CNOOC Mulls Acquisition Of Exploration License Offshore Cyprus 22
CNOOC Completes Acquisition Of 33.33% Interest In Exploration Licenses In Uganda From Tullow Oil For US$1.47 Billion 23
Nexen Petroleum Acquires 40% Working Interest In 10 Concessions In Paleozoic Shale Play From Marathon Oil 24
CNOOC Acquires 33.3% Interest In 800,000 Net Acres From Chesapeake Energy 25
CNOOC Energy Technology Forms Joint Venture With MSP/DRILEX 27
CNOOC Gas & Power Forms Partnership With Huainan Mining Industry To Build LNG Terminal In China 28
Government Of Uganda, Total, Tullow Oil And CNOOC To Form Partnership To Develop Lake Albert Rift Basin Assets 29
Forum Energy Plans To Form Partnership With CNOOC 30
CNOOC Enters Into Partnership Agreement With SANY Heavy Industry 31
Nexen Forms Joint Venture With CNOOC 32
Nexen Completes Public Offering Of Preferred Shares For US$200 Million 33
CNOOC Completes Public Offering Of 2.625% Notes, Due 2020, For US$1.5 Billion 35
CNOOC Completes Public Offering Of 3.5% Notes Due 2025 For US$2 Billion 37
CNOOC Completes Public Offering Of 4.2% Notes, Due 2045, For US$300 Million 39
CNOOC Completes Public Offering Of 4.875% Notes For US$500 Million 41
CNOOC Completes Public Offering Of 4.25% Notes For US$2.25 Billion 42
CNOOC Completes Public Offering Of 1.625% Notes Due 2017 For US$1.25 Billion 43
CNOOC Completes Public Offering Of 4.25% Notes Due 2043 For US$500 Million 44
CNOOC Completes Public Offering Of 1.125% Notes Due 2016 For US$750 Million 45
CNOOC Completes Public Offering Of 1.75% Notes Due 2018 For US$750 Million 46
CNOOC Completes Public Offering Of 3% Notes Due 2023 For US$2 Billion 47
CNOOC Completes Private Placement Of 5% Notes Due 2042 For US$500 Million 48
CNOOC Completes Private Placement Of 3.875% Notes Due 2022 For US$1.5 Billion 49
CNOOC Completes Private Placement Of 5.75% Guaranteed Notes due 2041 For US$500 Million 50
CNOOC Completes Private Placement Of 4.25% Guaranteed Notes due 2021 For US$1,500 Million 51
CNOOC Plans To Farm-Out Interests In Two Oil Blocks In Gulf of Mexico 52
BP Acquires Interest In P2062 License In UK North Sea From Nexen Energy 53
Oil Search (PNG) To Acquire 40% Interest In PPL374 And PPL 375 Licenses Located Offshore Papua New Guinea, From Gini Energy 54
ExxonMobil To Acquire 40% Interest In PPL374 And PPL 375 Licenses Located Offshore Papua New Guinea From Gini Energy 55
EPL Oil & Gas Completes Acquisition Of Oil And Gas Assets In Gulf of Mexico From Nexen Petroleum For US$70.4 Million 56
Chevron China Energy Signs PSC With CNOOC For Blocks 15/10 And 15/28 In Pearl River Mouth Basin, Offshore China 57
Oryx Petroleum Acquires 20% Interest In Haute Mer A License Area Offshore Congo From CNOOC For US$14.1 Million 58
North Sea Ventures To Acquire 50% Interest In P234 Block 14/20c From Nexen Petroleum 59
Atlantic Petroleum Acquires 20% Interest In P.1100 Polecat Discovery, Blocks 20/4a And 20/9a, UK North Sea, From Nexen Petroleum 60
INPEX Completes Acquisition Of 40% Participating Interest In Shale Gas Projects In British Columbia From Nexen For US$675 Million 61
PGNiG Norway Acquires Additional 15% Stake In PL558 From Nexen Exploration Norge 63
Statoil Acquires 27.5% Stake In Kakuna Prospect From Nexen 64
TOTAL Acquires 25% Interest In Block BC Exploration License From CNOOC Middle East (Qatar) 65
DEO Petroleum Acquires 42.08% Interest In Perth Assets In North Sea From Nexen Petroleum For US$16.7 Million 66
Faroe Petroleum Acquires 28% Interest In Two UK Offshore Licenses P218 And P588 67
Nexen Completes Sells Remaining Interest In Perth License Area To Maersk Oil And Atlantic Petroleum 68
CNOOC Canada Completes Acquisition Of Nexen, Oil And Gas Company, For US$15.1 Billion 69
CNOOC To Acquire Additional 20% Stake In China United Coalbed Methane From China National Coal Group For US$92.2 Million 71
CNOOC Australia Acquires 70% Stake In PNG Energy From UMC Energy 72
CNOOC Acquires Zhuhai Donghua Natural Gas From Sinopec 73
CNOOC Sells CNOOC ONWJ To EMP International For US$212 Million 74
CNOOC Completes Acquisition Of OPTI Canada For US$2.1 Billion 75
UMC Energy Acquires PNG Energy 77
IGAS Energy Acquires Nexen Exploration 78
Samudra Energy Completes Acquisition Of 20% Stake In Husky Oil (Madura) 79
CNOOC Ltd, Key Competitors 80
CNOOC Ltd, Key Employees 81
CNOOC Ltd, Other Locations 82
CNOOC Ltd, Subsidiaries 82
CNOOC Ltd, Joint Venture 85
