CNPC (Hong Kong) Limited

CNPC (Hong Kong) Limited is an investment holding company. The principal activities of the Company’s subsidiaries are the exploration and production of crude oil and natural gas in People’s Republic of China, the Republic of Kazakhstan, the Sultanate of Oman, Peru, the Kingdom of Thailand, the Azerbaijan Republic, the Republic of Indonesia and the Union of Myanmar. The ultimate holding company of the Company is China National Petroleum Corporation (CNPC). The immediate holding company of the Company is Sun World Limited. The oil operations in China are conducted through production sharing arrangements with PetroChina Company Limited (PetroChina), a subsidiary of CNPC. The Company operates within five geographical regions: People’s Republic of China, South America, Central Asia, South East Asia and Middle East.