CNOOC Ltd. has always upheld and executed high standard of business ethics for which its transparency and standard of governance have been recognized by the public and its shareholders. High and strict standard of corporate governance enables the Company to operate steadily and efficiently and is in the long-term interests of the Company and its shareholders.

The management by the board of directors (the “Board”) and its committees further enhances the Company’s corporate governance standards. The Company is awarded with many honors, thanks to its sound fundamentals and excellent corporate governance. The Company has secured top positions on the lists of well-managed companies compiled by AsiaMoney, EuroMoney, Asset, FinanceAsia and Institutional Investors.