CNOOC Ltd - Company Profile
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CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas exploration and production company. Oil and gas exploration, focus on R&D activities, and substantial reserves strengthened its operations, even as production concentration in Bohai could be a cause for concern. Nevertheless, growth in global demand for oil, growth initiatives and contracts and agreements could provide adequate growth opportunities for the company. However, fluctuations in oil and gas prices, exploration, production and development risks, and intense competition could affect its operations.
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