CNOOC - M&A Summary and Business Overview

Oil/gas ExplorationCompany

CNOOC M&A Summary

CNOOC has acquired 6 companies, including 1 in the last 5 years.

CNOOC’s largest acquisition to date was in 2012, when it acquired Nexen Energy ULC for $15.1B. CNOOC has acquired in 5 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

CNOOC Business Overview

Where is CNOOC headquartered?

CNOOC is headquartered in Hong Kong, China.

What is CNOOC’s revenue?

CNOOC disclosed revenue of 432,225M CNY for 2022 and 248,702M CNY for 2021.

How many employees does CNOOC have?

CNOOC has 21,786 employees.

What sector is CNOOC in?

CNOOC is an oil/gas exploration company.

When was CNOOC founded?

CNOOC was founded in 1999.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

CNOOC

CNOOC Ltd.

Bank of China Tower 65th Floor 1 Garden Road Central,
Hong Kong,
China,
+852 2213 2500
www.cnoocltd.com

CNOOC is a producer of offshore crude oil and natural gas in China and one of the independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sale of oil and natural gas. CNOOC was founded in 1999 and is based in Hong Kong, China.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $19.3B $19.3B
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Arctic LNG 2 LLC 2019-06-07 - Stake Purchase
, Russia
Nexen Energy ULC 2012-07-23 15.1B USD Add-on Acquisition
Calgary, Alberta · www.nexeninc.com
OPTI Canada Inc. 2011-11-28 2.1B USD Add-on Acquisition
Calgary, Alberta · www.opticanada.com
Block 15/34 2010-06-18 515M USD Stake Purchase
, China
Marathon International Petroleum Angola Block 32 Ltd. 2009-07-17 1.3B USD Joint Venture
, Cayman Islands
North West Shelf Gas Pty Ltd. 2002-08-23 320M USD Stake Purchase
Perth, Australia · www.nwsg.com.au
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CNOOC Muturi Ltd.    - Tangguh LNG 2002-09-27 1
, Indonesia Jakarta, Indonesia · www.bp.com/id

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 6 (100%) 19.3B (100%) - -
Total 6 $19.3B - -

By Geo

State/Country Buy Value Sell Value
Canada 2 17.2B - -
  Alberta 2 17.2B - -
Australia 1 320M - -
Cayman Islands 1 1.3B - -
China 1 515M - -
Russia 1 - - -
Domestic 1 (17%) 515M (3%) - -
Cross-border 5 (83%) 18.8B (97%) - -
Total 6 $19.3B - -

Top M&A Advisors

Financial Deals
Citi
 1
BMO Capital Markets
 1
Legal Deals
Davis Polk & Wardwell
 1
Stikeman Elliott
 1

Deal Values

buy # Total
> $1B 3 $18.5B
$100M to $1B 2 $835M
TOTAL $19.3B
Largest Nexen Energy ULC
$15.1B (2012-07-23)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

432,225   74% 2022
248,702   58% 2021
158,097   34% 2020
237,631   926% 2019
23,178   88% 2018
189,616   2017
(millions of CNY) Show More Show Less

Employees

21,786

Established

1999

Public

Hong Kong (SEHK): 883

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