CNOOC PETROLEUM EUROPE LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -23.1%

  £710,174,180 → £546,460,342

• Cash

  +5.4%

  £360,319,952 → £379,756,298

• Net assets

  +27%

  £210,062,047 → £266,875,981

• Employees

  -5%

  525 → 499

• Operating profit

  -33.3%

  £424,609,404 → £283,322,120

• Profit before tax

  -33.3%

  £424,609,404 → £283,322,120

• Wages

  +2.8%

  £53,823,727 → £55,318,831

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. CNOOC PETROLEUM EUROPE LIMITED 2019-01-14 → present
2. NEXEN PETROLEUM U.K. LIMITED 2004-12-02 → 2019-01-14
3. ENCANA (U.K.) LIMITED 2002-04-29 → 2004-12-02
4. PANCANADIAN PETROLEUM(U.K.)LIMITED 1972-04-24 → 2002-01-10

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period to 30 September 2026. The directors assessment included forecasting cash flows under a base-case scenario and an extreme-worst case scenario.”

Group structure

1. CNOOC PETROLEUM EUROPE LIMITED · parent
   1. CNOOC Ettrick U.K. Limited 100% · England and Wales · Exploration and production
   2. CNOOC Petroleum Farragon U.K. Limited 100% · England and Wales · Exploration and production

Significant events

• “Subsequent to 31 December 2024, the decommissioning current liability of US $52 million recorded at year end, is expected to reduce by US $10 million, to US $42 million, mainly due to the deferral into 2026 of Scott field decommissioning Define studies and Ettrick Blackbird site remediation activities and the revised 2025 cost estimates for the Rochelle field well plug and abandonment activities.”
• “On 30 October 2024, the UK government announced that the Energy Profits Levy would be extended by one year to end on 31 March 2030. The legislation was substantially enacted after year end 2024 on the 3 March 2025. Therefore the estimated impact on Deferred tax of $36 million has not been included in these financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.