Investment Summary

CNOOC Invests In Arctic LNG 2

On June 7, 2019, CNOOC invested in oil/gas exploration company Arctic LNG 2

Investment Highlights
  • This is CNOOC’s 6th transaction in the Oil/Gas Exploration sector.
  • This is CNOOC’s 1st transaction in Russia.

Investment Summary
Date 2019-06-07
Target Arctic LNG 2
Sector Oil/Gas Exploration
Investor(s) CNOOC
Deal Type Stake Purchase

Target

Arctic LNG 2

Russia
Arctic LNG 2 LLC the second large onshore conventional natural gas project led by JSC Novatek on the Gydan Peninsula in Russia, which contains the development and production of Utrenneye gas field and the construction and operation of three liquefied natural gas trains. Arctic LNG 2 LLC holds the liquefied natural gas license that grants an exclusive right to export liquefied natural gas produced from gas extracted from the Utrenneye gas field.

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Investor(S) 1

Investor

CNOOC

Hong Kong, China
Category Company
Founded 1999
Sector Oil/Gas Exploration
Employees21,786
Revenue 432.2B CNY (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 6
Sector (Oil/Gas Exploration) 6 of 6
Type (Stake Purchase) 3 of 3
Country (Russia) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 Nexen Energy ULC

Calgary, Alberta, Canada

Nexenis an upstream oil and gas company responsibly developing energy resources in the UK North Sea, offshore West Africa, the United States and Western Canada.Nexen has three principal businesses: conventional oil and gas, oil sands and shale gas / oil.

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