On the Record · Cnooc
Cnooc acquisitions, on the record
The businesses Cnooc bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
oil and gas propertiesWord for word“We had no significant acquisition during the year.” 20-F for 2018 | acquisition | — | — |
Arctic LNG 2 LLC (10% equity interest held by Ekropromstroy Limited Liability Company)Word for word“The acquisition was completed on July 19, 2019.” 20-F for 2019 | acquisition | The acquisition was completed on July 19, 2019. | — |
China United Coalbed Methane Corporation Limited (CUCBM)Word for word“CNOOC China shall acquire the 100% equity interest in China United Coalbed Methane Corporation Limited ("CUCBM") held by CNOOC at a total consideration of approximately RMB5.335 billion, which was settled in cash by CNOOC China.” 20-F for 2019 | acquisition | — | approximately RMB5.335 billion |
Project companies of the Lower Zakum Shallow Water Oilfield and Umm Shaif & Nasr Oilfield in Abu Dhabi (two former CNPC oilfield contract areas)Word for word“In 2020, the Company has acquired 40% equity interest in the project companies of two former oilfield contract areas of CNPC, namely the Lower Zakum Shallow Water Oilfield and Umm Shaif & Nasr Oilfield in Abu Dhabi, and indirectly hold 4% interest in each of such two oilfield contract areas.” 20-F for 2020 | acquisition | In 2020 | — |
10% equity interest in Arctic LNG 2 LLCWord for word“The acquisition was completed on July 19, 2019.” 20-F for 2020 | acquisition | July 19, 2019 | — |
Read from Cnooc’s annual reports (20-F for 2020, 20-F for 2019, 20-F for 2018) and the financial data it files with the SEC, as of 2021-04-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.