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CNOOC Limited (883) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.The profile contains critical company information including:- Business description – A detailed description of the company’s operations and business divisions.- Corporate strategy – Analyst’s summarization of the company’s business strategy.- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.- Company history – Progression of key events associated with the company.- Major products and services – A list of major products, services and brands of the company.- Key competitors – A list of key competitors to the company.- Key employees – A list of the key executives of the company.- Executive biographies – A brief summary of the executives’ employment history.- Key operational heads – A list of personnel heading key departments/functions.- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.HighlightsCNOOC Limited (CNOOC) is an upstream oil and gas exploration and production company. The company is a subsidiary of China National Offshore Oil Corporation. It engages in exploration, development, production and sale of crude oil and natural gas. It operates in four major oil production areas offshore China namely Bohai Bay, Western South China Sea, Eastern South China Sea and East China Sea. CNOOC also has assets in various foreign countries across Asia, Africa, North America, South America, Oceania and Europe. CNOOC is headquartered in Beijing, China.
As a part of the company’s strategy, it plans to increase its reserves and production through drill bits and value-driven acquisitions and to capitalize on the growth potential of the Chinese natural gas market. In line with this, in 2014, the company’s large-sized deepwater gas field Liwan 3-1 in South China Sea commenced production.CNOOC Limited Key Recent DevelopmentsMay 05, 2015: DNV GL Establishes Recommended Practice To Manage Wellhead Fatigue AnalysisApr 24, 2015: CNOOC Announces Key Operational Statistics For Q1 2015Apr 23, 2015: Nexen Energy To Shut Long Lake Oil Sands Upgrader For MaintenanceApr 23, 2015: CNOOC: Kenli 10-1 Oilfield Commences ProductionApr 16, 2015: Technip Awarded FEED Contract For The Liuhua Fields In The South China SeaKey benefits of buying this profile include:You get detailed information about the company and its operations to identify potential customers and suppliers.- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.Gain key insights into the company for academic or business research.- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.Note: Some sections may be missing if data is unavailable for the company
Table of ContentsTable of Contents 2List of Tables 4List of Figures 5Section 1 - About the Company 6CNOOC Limited - Key Facts 6CNOOC Limited - Key Employees 7CNOOC Limited - Key Employee Biographies 8CNOOC Limited - Major Products and Services 9CNOOC Limited - Key Operational Summary 10CNOOC Limited - History 11CNOOC Limited - Company Statement 17CNOOC Limited - Locations And Subsidiaries 19Head Office 19Other Locations & Subsidiaries 19Joint Venture 20Section 2 – Company Analysis 21CNOOC Limited - Business Description 21Business Description - Corporate segment 21Corporate segment - Overview 21Corporate segment - Financials 21Business Description - Exploration and Production 21Exploration and Production - Overview 21Exploration and Production - Production 21Exploration and Production - Financials 21Business Description - Trading 22Trading - Overview 22Trading - Financials 22CNOOC Limited - Corporate Strategy 23CNOOC Limited - SWOT Analysis 24SWOT Analysis - Overview 24CNOOC Limited - Strengths 24Strength - Cost Management 24Strength - Focus on Research and Development 24Strength - Business Performance: Bohai Region 24CNOOC Limited - Weaknesses 25Weakness - Decline in Crude and Liquids Reserves 25CNOOC Limited - Opportunities 26Opportunity - Growth in Oil and Gas Demand 26Opportunity - New Projects 26Opportunity - Strategic Business Initiatives 26CNOOC Limited - Threats 27Threat - Fluctuations in Oil Market 27Threat - Fluctuation in Foreign Exchange Rates 27Threat - Stringent Regulations 27CNOOC Limited - Key Competitors 28Section 3 – Company Financial Ratios 29Financial Ratios - Capital Market Ratios 29Financial Ratios - Annual Ratios 30Performance Chart 32Financial Performance 32Financial Ratios - Interim Ratios 33Financial Ratios - Ratio Charts 34Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances 35CNOOC Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 35CNOOC Limited, Oil & Gas, Deals By Type, 2009 to YTD 2015 36CNOOC Limited, Recent Deals Summary 37Section 5 – Company’s Recent Developments 38May 05, 2015: DNV GL Establishes Recommended Practice To Manage Wellhead Fatigue Analysis 38Apr 24, 2015: CNOOC Announces Key Operational Statistics For Q1 2015 39Apr 23, 2015: Nexen Energy To Shut Long Lake Oil Sands Upgrader For Maintenance 40Apr 23, 2015: CNOOC: Kenli 10-1 Oilfield Commences Production 41Apr 16, 2015: Technip Awarded FEED Contract For The Liuhua Fields In The South China Sea 42Apr 16, 2015: Petrofac Develops Maintenance Programme For Nexen's Golden Eagle Field 43Apr 01, 2015: Ministry of Petroleum and Natural Resources, Pakistan: Chinese Companies Eager To Invest In Oil And Gas Sector 44Mar 27, 2015: CNOOC: Exploration And Development Laid Solid Foundation Lowering Costs And Enhancing Efficiency Program Achieved Outstanding Results 45Mar 24, 2015: Petrobras: Libra Consortium Completes The Drilling Of The Second Appraisal Well 46Mar 17, 2015: Nexen Energy Announces Organizational Changes In Response To Industry Downturn 47Section 6 – Appendix 48Methodology 48Ratio Definitions 48About GlobalData 52Contact Us 52Disclaimer 52List of TablesCNOOC Limited, Key Facts 6CNOOC Limited, Key Employees 7CNOOC Limited, Key Employee Biographies 8CNOOC Limited, Major Products and Services 9CNOOC Limited, Key Operational Summary, 2011 10CNOOC Limited, History 11CNOOC Limited, Other Locations 19CNOOC Limited, Subsidiaries 19CNOOC Limited, Joint Venture 20CNOOC Limited, Key Competitors 28CNOOC Limited, Ratios based on current share price 29CNOOC Limited, Annual Ratios 30CNOOC Limited, Interim Ratios 33CNOOC Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 35CNOOC Limited, Oil & Gas, Deals By Type, 2009 to YTD 2015 36CNOOC Limited, Recent Deals Summary 37Currency Codes 48Units 48Capital Market Ratios 48Equity Ratios 49Profitability Ratios 49Cost Ratios 50Liquidity Ratios 50Leverage Ratios 51Efficiency Ratios 51List of FiguresCNOOC Limited, Performance Chart (2010 - 2014) 32CNOOC Limited, Ratio Charts 34CNOOC Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 35CNOOC Limited, Oil & Gas, Deals by Type, 2009 to YTD 2015 36