CNOOC PETROLEUM EUROPE LIMITED
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Cash
£430M
USD 572,000,000
+12.6% highest in 3 filed years
Net assets
£281M
USD 374,000,000
+4.8% highest in 3 filed years
Employees
460
-1.7% lowest in 3 filed years
Profit before tax
-£9M
USD -12,000,000
-103.6% lowest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £714,124,634 | £549,500,113 | £373,599,940 | -32% | |
| Operating profit | £426,971,360 | £284,898,143 | £27,813,275 | -90.2% | |
| Profit before tax | £426,971,360 | £251,822,897 | -£9,020,522 | -103.6% | |
| Net profit | £191,686,086 | — | — | — | |
| Cash | £362,324,288 | £381,868,751 | £429,978,200 | +12.6% | |
| Total assets less current liabilities | £889,273,096 | £980,981,733 | £1,186,950,312 | +21% | |
| Net assets | £211,230,550 | £268,360,520 | £281,139,593 | +4.8% | |
| Equity | £211,230,550 | £268,360,520 | £281,139,593 | +4.8% | |
| Average employees | 525 | 468 | 460 | -1.7% | |
| Wages | £54,123,130 | £55,626,550 | £57,881,681 | +4.1% | |
| Directors' remuneration | £676,539 | £751,710 | £526,197 | -30% |
Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 59.8% | 51.8% | 7.4% | |
| Net margin | 26.8% | — | — | |
| Return on capital employed | 48.0% | 29.0% | 2.3% | |
| Gearing (liabilities / total assets) | 81.3% | 77.4% | 78.8% | |
| Current ratio | 2.31x | 2.63x | 3.97x | |
| Interest cover | 13.85x | 8.61x | 0.76x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- CNOOC PETROLEUM EUROPE LIMITED 2019-01-14 → present
- NEXEN PETROLEUM U.K. LIMITED 2004-12-02 → 2019-01-14
- ENCANA (U.K.) LIMITED 2002-04-29 → 2004-12-02
- PANCANADIAN ENERGY (U.K.) LIMITED 2002-01-10 → 2002-04-29
- PANCANADIAN PETROLEUM(U.K.)LIMITED 1972-04-24 → 2002-01-10
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for the period to 30 September 2027.”
Group structure
- CNOOC PETROLEUM EUROPE LIMITED · parent
- CNOOC Ettrick U.K. Limited 100%
- CNOOC Petroleum Farragon U.K. Limited 100%
Significant events
- “Capital commitments principally for the construction of property, plant, and equipment. Contracted, but not provided for: 25M (2025), 24M (2024).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 68 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YANG, Baohui | Secretary | 2023-11-28 | — | — |
| LI, Peng | Director | 2025-03-26 | Aug 1977 | Chinese |
| LU, Baoshan | Director | 2026-04-28 | Jan 1970 | Chinese |
| PAN, Yiyong | Director | 2023-07-26 | Nov 1973 | Chinese |
Show 68 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Alistair Graham | Secretary | 2002-03-27 | 2002-07-30 |
| BOOTH, Alan | Secretary | 1999-11-05 | 2000-11-23 |
| DOYLE, Jamie David | Secretary | 2016-03-23 | 2021-08-25 |
| GUNN, Paul George | Secretary | 2021-12-07 | 2023-10-06 |
| HENDERSON, Diane | Secretary | 1997-09-02 | 1999-11-05 |
| KAUL, Sheila | Secretary | 2007-09-06 | 2016-03-21 |
| KEAST, Denis Raymond | Secretary | — | 1997-09-02 |
| KNOX, Heather Elizabeth | Secretary | 2000-11-23 | 2002-01-28 |
| MA, Qiang | Secretary | 2023-10-06 | 2023-11-28 |
| O'BRIEN, Alan, Mr. | Secretary | 2002-07-30 | 2006-11-29 |
| WEBBER, Ian James | Secretary | 1997-09-02 | 1999-11-05 |
| WHITE, Liberty Louise | Secretary | 2006-11-29 | 2008-08-01 |
| ADAMS, Anthony Frederick | Director | — | 1992-12-31 |
| ADDY, Peter David | Director | 2007-09-30 | 2011-07-27 |
| BARBER, Gina Anne | Director | 2015-05-01 | 2016-10-31 |
| BIGGS, Jeffrey Spencer | Director | 2003-12-19 | 2004-11-22 |
| BOGLE, Edward Warren | Director | 2004-12-01 | 2010-05-07 |
| BOONE, David James | Director | 2002-05-08 | 2003-03-24 |
| BOOTH, Alan | Director | 2001-09-01 | 2005-02-28 |
| BRANNAN, John Kevin | Director | 2003-12-11 | 2004-02-10 |
| BRUMMITT, Redvers Bruce | Director | 1999-11-05 | 2002-04-24 |
| DOBLE, Paul Anthony Cyril | Director | 2002-05-08 | 2007-09-30 |
| DOYLE, Jamie David | Director | 2014-10-16 | 2021-08-25 |
| FANG, Zhi | Director | 2014-02-17 | 2020-01-23 |
| FENNELL, Robert Norman | Director | 2010-10-01 | 2013-09-01 |
| FOSTER, Nancy Fay, Mrs. | Director | 2007-09-18 | 2009-12-01 |
| FOX, Matthew Joseph, Mr. | Director | 2010-07-28 | 2011-11-18 |
| GUNN, Paul George | Director | 2021-12-07 | 2023-09-07 |
| HABKE, Ian Robert | Director | 2004-12-01 | 2008-08-31 |
| HARVEY, Lewis Trenear | Director | 2008-04-16 | 2014-03-04 |
| HENDERSON, Diane | Director | 1995-10-05 | 1999-11-05 |
| JAHRIG, Randy John | Director | 2005-03-13 | 2007-08-15 |
| JENSEN, Richard George | Director | 2008-06-11 | 2010-09-30 |
| JIANG, Qing | Director | 2020-06-04 | 2023-07-26 |
| KEAST, Denis Raymond | Director | — | 1997-09-02 |
| KENNEDY, Archibald Wood | Director | 2012-02-01 | 2015-06-30 |
| KUANG, Likun | Director | 2019-11-27 | 2022-04-06 |
| KWAN, Mackenzie Moon Loon | Director | 1999-11-05 | 2000-06-28 |
| LEONARD, Gary Lynn | Director | 2002-10-03 | 2003-03-24 |
| MA, Qiang | Director | 2022-04-06 | 2026-06-10 |
| MACAULAY, Ian Alexander David | Director | 2011-01-20 | 2014-05-22 |
| MACEY, Gerald Joseph | Director | 2002-05-08 | 2003-12-02 |
| MANZ, Ronald Eugene | Director | 2011-09-27 | 2013-08-12 |
| MCEWEN, David Harold | Director | 2006-09-26 | 2008-04-16 |
| MCLACHLAN, Kevin James, Mr. | Director | 2009-12-01 | 2013-03-26 |
| MILES, Raymond Reginald | Director | 1999-11-05 | 2002-12-31 |
| MOONEY, Alistair John, Mr. | Director | 2010-11-01 | 2011-09-27 |
| O'BRIEN, Alan, Mr. | Director | 2005-03-09 | 2011-01-20 |
| OLDHAM, Philip, Mr. | Director | 2003-12-11 | 2012-01-31 |
| PEARCE, Robert Arthur | Director | 2000-07-26 | 2000-11-23 |
| REINHART, Kevin | Director | 2013-05-30 | 2014-04-25 |
| RIDDOCH, Ray Christopher John | Director | 2015-06-09 | 2020-03-06 |
| RIDDOCH, Ray Christopher John | Director | 2013-09-01 | 2014-03-04 |
| ROBERTS, David Andrew | Director | 1999-11-05 | 2003-12-31 |
| ROESSEL, Theresa Ann | Director | 2013-08-15 | 2015-06-30 |
| ROSE, Jeffrey Alan | Director | 2002-10-03 | 2003-12-02 |
| SCHONBERNER, Marilyn Joy | Director | 2008-08-26 | 2013-08-16 |
| SHARP, Ian Alexander | Director | 2006-01-03 | 2010-04-30 |
| SMALE, Ian Michael | Director | 2014-01-21 | 2019-11-27 |
| SPAARGAREN, Bastiaan | Director | 2012-11-22 | 2014-03-04 |
| TIAN, Lixin | Director | 2020-08-10 | 2025-03-26 |
| TILFORD, Brent Christian | Director | 2017-01-25 | 2019-11-27 |
| TWISS, Wesley Robert | Director | 2000-11-24 | 2002-04-05 |
| VARTAN, Ronald Alastair Robertson | Director | 1993-01-28 | 1995-10-02 |
| WEBBER, Ian James | Director | 1997-09-02 | 1999-11-05 |
| WHYMS, Eugene Gregory | Director | 2002-12-03 | 2005-02-28 |
| WU, Zixian | Director | 2023-11-28 | 2025-05-22 |
| XIA, Qinglong | Director | 2020-01-29 | 2020-08-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cnooc Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 282 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2026-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2023-11-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.