CNOOC Canada Inc.
CNOOC CANADA INC. is the Canada-incorporated company and the wholly owned subsidiary of CNOOC Ltd. The Company takes the fully responsibility for CNOOC’s business in Canada and area.
In 2005, CNOOC acquired partial shares of MEG in Canada for US$ 150 million.
On November 28, 2011, CNOOC completed its acquisition of OPTI Canada Inc. (“OPTI”). The total value of the consideration is approximately US$2.1 billion.
June 30, 2011, CNOOC made an investment in Northern Cross Limited by acquiring 60% of the company’s stake.
July 23, 2012, CNOOC and Nexen entered into a definitive agreement under which CNOOC Limited will acquire Nexen for US$15.1 billion in cash.