Deals Counterparts

CNOOC Southeast Asia Ltd

company 1 Deal 6 Partners

Hong Kong-based upstream oil and gas operator and developer with over 3.2 GW of gas-fired power and offshore production assets across Southeast Asia. Subsidiary of CNOOC Limited, focused on brownfield development and production in Indonesia, Thailand, and Vietnam.

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Founded 1992 1,500 employees Parent: China National Offshore Oil Corporation (CNOOC Limited)
Oil & Gas MajorDeveloperOperatorInvestor

Strategic Overview

  • Focuses on brownfield development and operational optimization of offshore gas assets in mature Southeast Asian basins.
  • Leverages parent company CNOOC Limited’s technical and financial strength to maintain operatorship in key blocks.
  • Increasing emphasis on gas-to-power integration in Indonesia and Vietnam to support regional energy transition.

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Investment Focus

Technologies
Oil Gas1
Geography
Indonesia1

Key People

Liang Yongchao
General Manager

Track Record

3,200
MW Total
18
Deals Completed
31
Years Active
$M8,500M
Total Value
Notable projects: Muda and South Natuna Block B gas fields (Indonesia), Bongkot Field (Thailand), Nam Rong and Hengchun gas fields (Vietnam)

Detailed Analysis

Sectors
Energy Transition (3 deals)Utilities (6 deals)
Geographies
Indonesia (8 deals)Thailand (5 deals)Vietnam (3 deals)Malaysia (1 deal)PhilippinesSingapore
Deal Stage
BrownfieldOperatingGreenfield
Deal Structure
Joint VentureProduction Sharing ContractAcquisition

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