File photo shows workers of the CNOOC drilling at the Bozhong 13-2 field, which is situated in the middle of the Bohai Sea, 140 km away from north China's Tianjin Municipality. (Tianjin branch of CNOOC/Handout via Xinhua)
BEIJING, April 22 (Xinhua) -- China National Offshore Oil Corporation Limited (CNOOC) was listed on China's A-share market on Thursday, with its share price once touching 44 percent daily limit and its market capitalization hitting 651.5 billion yuan (about 100.66 billion U.S. dollars) after the closing bell.
The stock price closed at 13.79 yuan per share, up 27.69 percent on the first trading day Thursday.
According to the company, it plans to raise approximately 28.08 billion yuan at an offering price of 10.8 yuan per share.
CNOOC's state-owned peers PetroChina Co., Ltd. (PetroChina) and China Petroleum and Chemicals Corp. (Sinopec) have already been listed on the A-share market.
Founded in 1999 and listed on the Hong Kong Stock Exchange in 2001, CNOOC 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.
CNOOC has made a total of over 300 commercial discoveries and owns over 240 existing oil and gas fields. The Company's net proven reserves reached 5.73 billion BOE by the end of 2021, and the reserve life remained above 10 years in the last three years. Along with the rapid growth in reserves, the Company's net oil and gas production grew from 88 million BOE in 2000 to a record high of 573 million BOE in 2021.
According to the company, by 2025, it plans to access five million KW to ten million KW offshore wind power resources to achieve installed capacity of 1.5 million KW, as well as five million KW onshore wind power resources to gain 500,000 KW to a million KW production. Besides, CNOOC will invest 5 percent to 10 percent of its cost to new energy business by 2025.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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