CNOOC Limited (883) - Financial and Strategic SWOT Analysis Review by GlobalData

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									          CNOOC Limited (883) - Financial and Strategic SWOT Analysis Review
        Reference Code: GDAE1193FSA                                                                                            Publication Date: JUL 2013

          65th Floor, Bank of China Tower, One
                                                             Phone              +852 10 84521604                Revenue          247,627 (million CNY)
          Garden Road
          Hong Kong                                          Fax                +852 10 64602503                Net Profit       63,691 (million CNY)
          100010                                             Website            www.cnoocltd.com                Employees        10,063 (Estimated)
          Hong Kong Special             Administrative                          883 [Hong Kong Stock
                                                             Exchange                                           Industry         Alternative Energy
          Region of China                                                       Exchange]

       Company Overview
       CNOOC Limited (CNOOC) is one of the leading producer of offshore crude oil and natural gas in China. It is also one of the
       leading independent upstream energy companies in the world. The company carries out the exploration, development, production
       and marketing 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
       and regions, including Indonesia, Australia, Nigeria. It also provides bond issuance services.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      CNOOC Limited, SWOT Analysis
         Wu Guangqi                          Compliance Officer                       Strengths                              Weaknesses
         Fanrong Li                          Chief Executive Officer
                                                                                      Strong Asset Base                      Substantial Debt
         Zhou Shouwei                        Director
                                                                                      Strong Liquidity
         Wu Zhenfang                         Director
         Chiu Sung Hong                      Director
        Source: Annual Report, Company Website, Primary and Secondary
                                                                                      Opportunities                          Threats
        Research, GlobalData
                                                                                      Strategic Acquisitions                 Stringent Regulations
       Share Data
                                                                                      Growth in Oil and Gas Demand Fluctuations in Oil Market
         CNOOC Limited
        Share Price (CNY) as on 15-Jul-                                13.62
        2013                                                                         Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        EPS (CNY)                                                        1.42
        Market Cap (million CNY)                                    481,013
        Enterprise Value (million CNY)                              483,875
        Shares Outstanding (million)                                  44,646
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Jul 03, 2013         Shell Discovers Oil At Vicksburg Exploratory
                                                                                                           Well In De Soto Canyon Block 353, Gulf Of
                                                                                                           Mexico
                                                                                      Jul 02, 2013         CNOOC Announces Commencement Of
                                                                                                           Production From Wenchang 8-3E Oil Field In
                                                                                                           Pearl River Mouth Basin, China
                                                                                      Jun 25, 2013         Emerson Wins Contract From CNOOC To
                                                                                                           Automate South China Sea Natural Gas
                                                                                                           Development Platform
                                                                                      Jun 21, 2013         Total Wins Approval From NNPC To Award
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData                                                                                EPC Contracts For Egina Field In Nigeria
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData




CNOOC Limited (883) - Financial and Strategic SWOT Analysis                                                                     Reference Code: GDAE1193FSA
Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       CNOOC Limited - Key Facts .............................................................................................................................................................. 5
       CNOOC Limited - Key Employees ..................................................................................................................................................... 6
       CNOOC Limited - Key Employee Biographies ................................................................................................................................... 7
       CNOOC Limited - Major Products and Services................................................................................................................................. 8
       CNOOC Limited - Key Operational Summary .................................................................................................................................... 9
       CNOOC Limited - History ................................................................................................................................................................. 10
       CNOOC Limited - Company Statement ............................................................................................................................................ 14
       CNOOC Limited - Locations And Subsidiaries ................................................................................................................................. 16
          Head Office ................................................................................................................................................................................... 16
          Other Locations & Subsidiaries ..................................................................................................................................................... 16
       Section 2 – Company Analysis ......................................................................................................................................................... 18
       CNOOC Limited - Business Description ........................................................................................................................................... 18
          Business Description - Independent Operations ........................................................................................................................... 18
             Independent Operations - Overview .......................................................................................................................................... 18
             Independent Operations - Financials......................................................................................................................................... 18
             Independent Operations - Key Strategies ................................................................................................................................. 18
          Business Description - Joint arrangements................................................................................................................................... 18
             Joint arrangements - Overview ................................................................................................................................................. 18
             Joint arrangements - Market View ............................................................................................................................................. 19
             Joint arrangements - Key Strategies ......................................................................................................................................... 19
          Business Description - Trading ..................................................................................................................................................... 19
             Trading - Overview .................................................................................................................................................................... 19
             Trading - Financials ................................................................................................................................................................... 19
       CNOOC Limited - SWOT Analysis ................................................................................................................................................... 20
          SWOT Analysis - Overview........................................................................................................................................................... 20
          CNOOC Limited - Strengths ......................................................................................................................................................... 20
             Strength - Strong Asset Base .................................................................................................................................................... 20
             Strength - Strong Liquidity ......................................................................................................................................................... 20
             Strength - Investor Confidence .................................................................................................................................................. 20
          CNOOC Limited - Weaknesses .................................................................................................................................................... 20
             Weakness - Substantial Debt .................................................................................................................................................... 20
          CNOOC Limited - Opportunities ................................................................................................................................................... 21
             Opportunity - Strategic Acquisitions .......................................................................................................................................... 21
             Opportunity - Growth in Oil and Gas Demand ........................................................................................................................... 21
             Opportunity - New Exploration Discoveries ............................................................................................................................... 21
          CNOOC Limited - Threats............................................................................................................................................................. 21
             Threat - Stringent Regulations .................................................................................................................................................. 21
             Threat - Fluctuations in Oil Market ............................................................................................................................................ 22
             Threat - Fluctuation in Foreign Exchange Rates ....................................................................................................................... 22
       CNOOC Limited - Key Competitors .................................................................................................................................................. 23
       Section 3 – Company Financial Ratios ............................................................................................................................................. 24


CNOOC Limited (883) - Financial and Strategic SWOT Analysis                                                                                                      Reference Code: GDAE1193FSA
Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 24
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 24
       Performance Chart ................................................................
								
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