CNOOC is a major player in China's energy sector, ranking third in the country's national oil company list. The company primarily focuses on offshore oil and gas exploration and development within China, holding the position of the largest producer in this sector within the country. Additionally, CNOOC also stands as one of the largest independent oil and gas exploration and production companies globally. The company's operational focus includes the Bohai, Western South China Sea, Eastern South China Sea, and East China Sea regions off the coast of China. Internationally, it possesses assets across Asia, Africa, North America, South America, Oceania, and Europe. As of 31 December 2015, CNOOC reported net proved reserves of approximately 4.32 billion BOE and an average daily net production of 1,358,022 BOE, showcasing its significant standing in the industry. Established in 1999, CNOOC has firmly entrenched itself in the energy, renewable energy, and oil and gas sectors, showing promise for potential investment opportunities in the rapidly growing energy markets.
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