CNOOC PETROLEUM EUROPE LIMITED
Company Information
- Company Number
- 01051137
- Registered Address
- Prospect House, 97 Oxford Road, Uxbridge, UB8 1LU
- Status
- Active
- Employee Count
- 553
- Turnover
- £1,263,480,000
- EBITDA
- £1,020,535,000
Additional Details
- Website
- https://nexencnoocltd.com
- Company Type
- Private limited Company
- Incorporated On
- 24 April 1972
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 27 | 96% | 4% | 0% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 27 | 96% | 3% | 1% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 28 | 94% | 5% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 28 | 95% | 4% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 27 | 94% | 6% | 0% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 27 | 95% | 4% | 1% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 27 | 95% | 5% | 0% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 28 | 95% | 5% | 0% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 29 | 92% | 7% | 1% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 28 | 92% | 7% | 1% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 91% | 8% | 1% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 27 | 93% | 7% | 0% | 9% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment term for third party invoices is 30 days. There are shorter payment terms for a very small number of contracts. Inter-company invoices are generally settled annually although some payments are settled more frequently.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
The Accounts Payable team is responsible for communicating on invoices that are in dispute to vendors. o If an invoice is incorrect or has been rejected by the business, the Accounts Payable assistant will return the invoice to the vendor by email with a covering letter explaining the reason for the rejection. o If the query is something that can be resolved quickly, the Accounts Payable assistant will contact the vendor by phone or email to request the relevant information. The invoice reviewer also sometimes contacts the vendor directly for clarification. o For invoices that are submitted electronically via OpenInvoice (third party web-based system) a note is entered in OpenInvoice to explain the reason for the dispute and sent electronically to the vendor. o The vendor is expected to resolve the dispute with their responsible contact or provide the required backup/information and resubmit their invoice.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
CNOOC Petroleum Europe Limited is a leading energy company operating in the United Kingdom and Europe. They are a subsidiary of China National Offshore Oil Corporation (CNOOC), one of the largest oil and gas companies in the world.
The company's main activities include upstream exploration, development, and production of oil and gas resources. They have a strong focus on sustainability and are committed to minimizing their environmental impact and promoting responsible business practices.
CNOOC Petroleum Europe Limited offers a wide range of products and services, including conventional and unconventional oil and gas, liquefied natural gas (LNG), and renewable energy solutions. They also provide consulting and engineering services for the energy industry.
The company's key people include Mr. Yuan Guangyu, the Chairman, and Mr. Xu Keqiang, the CEO. They are supported by a team of experienced professionals who are dedicated to driving the company's growth and success.
CNOOC Petroleum Europe Limited's sustainability program includes initiatives such as reducing greenhouse gas emissions, promoting energy efficiency, and investing in renewable energy projects. They also prioritize the health and safety of their employees and the communities in which they operate.
The company's registered office address is at 7th Floor, 20 Manchester Square, London, W1U 3PZ, United Kingdom. Their website address is www.cnoocep.com, where interested parties can find more information about the company, its products, and services.
