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. Established domestic operations, focus on R&D activities, and substantial reserves are its strengths, even as safety issues could be a cause for concern. Nevertheless, increase in upstream investments, oil and gas discoveries 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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