1、CNOOC LIMITEDAnnual Report 2021SEHK:00883 2021ANNUAL REPORTCNOOC Limited(the“Company”or“CNOOC Limited”),incorporated in the Hong Kong Special Administration Region(“Hong Kong”)in August 1999,was listed on The Stock Exchange of Hong Kong Limited(stock code:00883)on 28 February 2001.The Company was ad
2、mitted as a constituent stock of the Hang Seng Index in July 2001.The Company is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world.The Company mainly engages in exploration,development,
3、production and sale of crude oil and natural gas.The Companys core operation areas are Bohai,the Western South China Sea,the Eastern South China Sea and the East China Sea in offshore China.The Company has oil and gas assets in Asia,Africa,North America,South America,Oceania and Europe.As of 31 Dece
4、mber 2021,the Company owned net proved reserves of approximately 5.73 billion BOE,and its average daily net production was 1,569,560 BOE(unless otherwise stated,all amounts of reserve and production in this annual report include reserve and production accounted for by equity method).The Company had
5、total assets of approximately RMB786.6 billion.COMPANY PROFILE2 Financial Summary3 Operating Summary6 Chairmans Statement8 Business Overview8 Overview11 Exploration14 Engineering Construction,Development and Production15 Overview by Region22 Sales and Marketing22 Research and Scientific Development2
6、3 Low Carbon Development24 Health,Safety and Environmental Protection26 Corporate Citizen26 Human Resources29 Risk Management and Internal Control29 Risk Management and Internal Control System29 Risk Factors35 Corporate Governance Report60 Directors and Senior Management68 Report of the Directors78