CNOOC Cnooc

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CNOOC Cnooc brand introduction

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Founded in 1982, China National Offshore Oil Corporation, one of the top ten petrochemical brands, is one of the world's top 500 enterprises, a large state-owned enterprise in the central government, a large offshore oil and gas producer in China, and a large-scale comprehensive energy group

China National Offshore Oil Corporation (CNOOC) is a large state-owned enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council and the largest offshore oil and gas producer in China. The company was founded in 1982 and is headquartered in Beijing. Since its establishment, CNOOC Limited has maintained a good development momentum, from an upstream company solely engaged in oil and gas exploration to an international energy company with prominent main business and a complete industrial chain.

In 2013, the company's overseas business has spread to more than 40 countries and regions, the proportion of overseas assets has reached 40%, the proportion of overseas income has reached 30%, and the localization rate of overseas employees has reached 82%. It ranked 93rd in Fortune magazine's "Fortune Global 500" ranking, up 8 places from 2012. The company continues to enjoy AA- and Aa3 national sovereign credit ratings from S&P and Moody's, the highest ratings among domestic companies.

The company firmly grasps the new opportunities brought by the country's construction of a "maritime power", actively responds to the challenges and difficulties encountered in development, closely focuses on the "Second Leap" Development Outline, accelerates the transformation of economic development mode, promotes industrial restructuring, and continuously improves the quality and efficiency of development.

The first historic leap

Over the past 30 years since the establishment of CNOOC, under the correct leadership of the CPC Central Committee and the State Council, several generations of CNOOC people have always kept in mind the lofty mission of "I dedicate oil to the motherland", actively implemented the national development strategy, conscientiously fulfilled the major responsibilities shouldered by state-owned enterprises, unswervingly accelerated development and deepened reform, and the company's development has achieved a historic leap. Standing at a new starting point of development, the party group of CNOOC adheres to the main theme, keeps in mind the mission of state-owned enterprises, puts forward the strategic concept of "second leap", vigorously promotes the construction of a world-class energy company, strives to become stronger and better, and strives to make new contributions to ensuring national energy security and promoting the sustained and rapid development of the national economy.

CNOOC's 30-year historic leap is a microcosm of China's great achievements in reform, opening up and socialist modernization. Over the past 30 years, under the guidance of the principles and policies of the party and the state, China's offshore oil industry has undergone earth-shaking changes. CNOOC's annual oil and gas output has increased from 90,000 tons at the beginning of its establishment to more than 50 million tons at present, and the "Offshore Daqing Oilfield" has been successfully built, which has effectively guaranteed national energy security. In 2011, the company's total profit exceeded 100 billion yuan, and its main operating quality and efficiency indicators maintained the excellent level of the same industry at home and abroad, ranking 162nd among the world's top 500 enterprises and 34th among the top 50 global oil companies. An industrial pattern of upstream, midstream and downstream integration has been formed, the framework of modern enterprise system has been basically completed, and a relatively complete offshore oil industry system has been initially established. The semi-submersible drilling platform has been independently developed, and the deepwater strategy has taken substantial steps. With the increasing degree of internationalization, overseas asset investment involves 19 countries, and overseas revenue accounts for 1/3 of the company's total revenue. CNOOC's development achievements have eloquently proved that reform and opening up is the key choice to determine the fate of contemporary China, and the only way to develop socialism with Chinese characteristics and realize the great rejuvenation of the Chinese nation.

CNOOC's 30-year historic leap has been achieved under the guidance of the theoretical system of socialism with Chinese characteristics, demonstrating the great practical power of the party's innovative theory. Over the past 30 years, CNOOC Limited has always insisted on arming its mind, guiding practice, and promoting work with the latest achievements of Marxism in China, and consciously integrating the principles and policies of the party and the state into the company's development strategy and planning to ensure the correct direction of the company's development. Grasp the first priority of development unswervingly, and constantly improve the core competitiveness; thoroughly implement the scientific concept of development and accelerate the transformation of the development mode; Adhere to emancipating the mind, seeking truth from facts, advancing with the times, actively exploring the development model in line with its own reality, continuing to build the unique advantages of the company's development, and embarking on a vigorous development road.

CNOOC's 30-year historic leap is a vivid interpretation of the strong vitality of state-owned enterprises and a vivid example of the achievements of state-owned enterprises in reform and development. Over the past 30 years, CNOOC Limited has been the vanguard of deepening the reform and accelerating the development of state-owned enterprises, thoroughly implementing the central government's policy deployment on the reform of state-owned enterprises, and taking the lead in exploring and trying in the separation of powers, restructuring and listing, transformation of surviving enterprises, reform of employment and remuneration systems, and establishment of a modern enterprise system, becoming a model of reform and innovation of state-owned enterprises. Up to now, CNOOC has discovered nearly 4 billion tons of geological reserves, produced 585 million tons of oil and gas, and paid more than 360 billion yuan in taxes and fees, giving full play to the backbone role of central enterprises in promoting social employment and driving the development of related industries, and has made positive contributions to consolidating the foundation of the socialist economy, ensuring national energy security, ensuring and improving people's livelihood, and promoting social harmony.

Secondary leap

In 2010, CNOOC Limited achieved the first magnificent leap forward and successfully built the "Offshore Daqing Oilfield". In 2011, CNOOC Limited put forward an inspiring "second leap" development outline, striving to build a world-class energy company in an all-round way by 2030 and create new glories. "The second leap" is a new leap in development concept, development mode and development quality, a new leap in quantity and quality, scale and efficiency, a new leap in hard power and soft power, a new leap in institutional mechanism and scientific and technological innovation, a new leap in scientific management and cultural construction, and a new leap in the common development of enterprises and employees.

In order to implement the spirit of the latest instructions of the central government on the development of the offshore oil industry, the party group of "CNOOC" put forward the strategic concept of "double leap" and formulated the "China National Offshore Oil Corporation" Second Leap "Development Outline (2011-2030)". By 2020, it will enter the ranks of the world's strongest oil companies, basically build a world-class energy company, and become a multinational company with efficient governance, scientific management, leading technology, advanced culture, all-round development of employees, and a high sense of social responsibility; By 2030, it will maintain its position as one of the world's strongest oil companies, reach the world's first-class in terms of its main operating indicators and soft power indicators, build a world-class energy company in an all-round way, and become a global company with national confidence, people's satisfaction, social recognition, market recognition, shareholder respect, employee pride, high social responsibility and international influence.


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