CNOOC Applies for Listing in HK Stock Exchange

China National Offshore Oil Corp. (CNOOC) Ltd. has applied for getting listed at the Hong Kong Stock Exchange, according to the CNOOC in Hong Kong Monday, January 8.

CNOOC Ltd. has fulfilled its reorganization in 1999 and is now the only offshore oil explorer in China, Wei Liucheng, chairman and CEO of the CNOOC Ltd., said at a press conference.

As one of the biggest offshore oil developers and producers, CNOOC covers all China's offshore areas for production and owns 45 production areas in the Bohai Bay, East China Sea, and the eastern and western parts of the South China Sea, he added.

Wei said the CNOOC Ltd. has witnessed fast expansion in recent years, with an annual 19-percent increase in its output.

China National Offshore Oil Corporation (CNOOC) is a state company incorporated on February 15,1982 with the exclusive rights to the exploitation of hydrocarbon resources in the offshore areas of China in cooperation with foreign enterprises. Headquartered in Beijing, CNOOC has a registered capital of 20 billion yuan and good cooperative relations in multiple forms with 69 foreign companies from 18 countries and regions.

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