Who is the CEO of Cnooc Uganda?
In October 2019, Mr. Wang was appointed as Chairman of CNOOC.
What does cnooc do in Uganda?
CNOOC International is one of the largest oil and gas companies in Uganda’s energy sector and owns one-third interests in each of Exploration Areas (EA) EA1/1A, EA2 and Kingfisher. Our partners are Total E&P Uganda (33.3%) and Tullow Oil (33.3%). CNOOC International operates the Kingfisher production license.
What is cnooc in full?
The partners are China National Offshore Oil Corporation (CNOOC), Uganda National Oil Company (UNOC) and Tanzania Petroleum Development Corporation (TPDC).
What is the Tilenga project?
The Tilenga project comprises oil exploration, a crude oil processing plant, underground pipelines, and infrastructure in the Buliisa and Nwoya districts of Uganda.
Is cnooc a good investment?
The company appears to be trading at less than 4.5 times its 2021 profits, and the net income will increase. The reported free cash flow appears to be “low” as the company is investing in production growth. The 2023 production rate will be almost 20% higher than the 2021 output.
Who owns China National Offshore Oil Corporation?
State-owned Assets Supervision and Administration Commission of the State CouncilChina National Offshore Oil Corporation / Parent organization
When was CNOOC founded?
China National Offshore Oil Corporation is the largest offshore oil and gas producer in China. Headquartered in Beijing, CNOOC was founded in 1982.
Where is Tilenga located?
Lake Albert
Tilenga: located in the Buliisa and Nwoya districts in the Lake Albert, the Tilenga project is operated by TotalEnergies (56.6%), in partnership with CNOOC and UNOC. It includes the development of six fields and the drilling of around 400 wells from 31 locations.
Where is Tilenga located in Uganda?
Lake Albert region
The Tilenga development project is located in the Buliisa and Nwoya districts in the Lake Albert region, western Uganda.
Is CNOOC listed in US?
CNOOC was dual-listed on the Stock Exchange of Hong Kong and New York Stock Exchange (NYSE) in 2001. It listed on Toronto Stock Exchange in 2013. CNOOC officially announced the start work of its A-Share IPO on 26 September 2021 and its American Depository Shares of CNOOC were delisted from the NYSE in October 2021.
Is CNOOC a SOE?
One subsidiary, CNOOC Limited, is listed on the Hong Kong exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York exchanges….China National Offshore Oil Corporation.
| The company headquarters in Beijing was opened in 2006. | |
|---|---|
| Type | State-owned enterprise |
| Industry | Oil and gas |
| Founded | 1982 |
| Headquarters | Beijing , China |