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In June 2005, a CNOOC Group company (NYSE and Hong Kong-listed public company CNOOC limited) made an $18.5 billion cash offer for American oil company Unocal Corporation, topping an earlier bid by ChevronTexaco. [6] Unocal's oil interests in Central Asia were considered a strategic fit for the company. On July 20, 2005, Unocal announced that it ...
China National Offshore Oil Corporation or CNOOC, is a state-owned enterprise based in Beijing, capital of China. In order to float most of its assets in Hong Kong stock exchange, a special purpose vehicle was incorporated in Hong Kong as an intermediate holding company, in order to transfer the control of some subsidiaries to the company.
COSL claims a 95% share of China's market for offshore drilling services, 70% of the marine support and transportation market, 60% of the well survey services market and more than 50% of the seismic data collection market. Globally, about 15% of oil companies' capital expenditure goes to exploration, 35% to field development and 50% to production.
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Wison Offshore & Marine [2] is a division of the Wison Group in the upstream oil and gas industry. [6] This subsidiary focuses on design, project management, construction and operations of offshore oil projects. These include fixed platforms and modules, offshore lifting equipment mooring systems, and other types of oil and gas developments. [12]
China Clean Energy; China National Offshore Oil Corporation; China National Petroleum Corporation; China Petroleum Engineering and Construction Corporation; China Petroleum Pipeline Engineering; CITIC Resources
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
The Great Wall Drilling Company, a subsidiary of the China National Petroleum Company, invested $700 million in drilling 57 wells in Sudan over a 3-year period starting in 1997. [25] In 2010, the company was awarded a contract by the Sudanese Petroleum Ministry to build 5 oil rigs for $75.5 million. [26]