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    Chairman Fu Chengyu Of CNOOC Chairman

    2010/9/26 14:52:00 58

    Oil Acquisition

    On 09, 26, he came from the northeast, with a stout figure like a sportsman, with a smile on his dark red face, without the slightest and solemn CEO of a big company.

    People familiar with him describe him as "a workaholic who does not smoke, drink, and has an international outlook."


    He was the ten biggest CCTV2005 that was unveiled a long time ago.

    Economics

    Among the characters, Fu Chengyu, the China National Offshore Oil Corporation chairman, who won the golden trophy without losing suspense, was the only one who failed.


    Among the most influential figures in the world in 2005, Fu Chengyu was one of the two Chinese selected.

    The comments of the times are: "the opposition of Washington politicians finally forced Fu Chengyu to give up his plan to buy American Oil Co Unocal, but his courage has opened up a new era."


    Fu Chengyu, who failed in the US acquisition, did not fall behind the "losers". Instead, he won the respect of Americans.

    In 2005, Fu Chengyu let CNOOC "fame and fortune" - in the United States, the name of this ambitious Chinese company has been engraved in the minds of many people.


    "I have a hobby of eating ice."


    "I have a great hobby of eating ice."

    In a speech, Fu Chengyu smiled and recalled, "I was in the northeast corner. When I was young, the whole country was the same. Life was very hard.

    When I was in primary school, I spent 8 cents crying for two days to buy a book. Finally, my mother gave me an egg and went to the supply and marketing cooperative.

    When winter is hungry, there is nothing to eat but to eat frozen ice. "


    Fu Chengyu in youth was in Daqing, China.

    oil field

    Liaohe Oilfield and Huabei Oilfield have worked.

    "I studied geology at university. My first job was to collect sand on the drilling team. I spent 3 years fishing with the workers.

    But it is very good for future development. "


    At the recruitment fair of Tsinghua University, Fu Chengyu encouraged students to go to the grass-roots level and start from trivial matters. "Young people must lay a solid foundation at the grassroots level and accumulate well. In the future, if you become a responsible person, you can lead your enterprises to walk steadily and steadily."

    "Take us.

    enterprise

    Be strong "


    Turning on Fu Chengyu's resume, there are two notable points: first, he studied petroleum engineering at University of Southern California in the early years; first, he was a senior member of an oil company in the United States from the end of 1995 to 1999.

    To this, Fu Chengyu laughs, "I am not a returnee."


    In fact, in Fu Chengyu's body, apart from drinking coffee and occasionally appearing one or two English words in the interview process, it's hard for you to feel his "returnees" temperament.

    Words like "climbing snow mountain, over grass" and "two bombs and one star" are his words.


    The leader of China's most westernized company, which is called by the foreign media, has a strong Chinese temperament. It often talks about the word "serving the country".

    In December 2005, when Fu Chengyu delivered a speech at Tsinghua University, he said, "if we want to become an economic power, we should first strengthen our state-owned enterprises and domestic enterprises.

    Any person who is able to leave you in the big background of our country will not be able to perform any more. Only when you integrate into the country can you have greater capability.


    "We have to be clear about how to serve the country. We can not simply say that the country needs oil, so I will try to go to the acquiring company.

    To contribute to the development of the country, it is essential to pass our own ability, not courage.

    If our country wants to become a strong country, we must first become a strong competitive enterprise with international competitiveness. When we want to solve the problems of energy, security and supply for the country, our first aim is to make the enterprises stronger.

    Fu Chengyu said solemnly.

    Winners of withdrawal from Competition 2005


    In 2006, under the leadership of Fu Chengyu, CNOOC launched the overseas takeover battle so far involving Chinese companies with the largest amount and the biggest impact - $18 billion 500 million and Chevron, the second largest oil company in the United States, bidding for the ninth largest oil company, Unocal.

    This became the biggest news of Wall Street in the United States, and became the biggest news in China's financial circles. It shocked the United States and shocked the whole world.


    In August 2nd, CNOOC announced the withdrawal of its offer to Unocal.

    In summing up the acquisition of us Unocal, Fu Chengyu had his own thoughts: first, he did not buy much regret because we had lost a very good opportunity for development. Second, during the whole process, every step of our operation in the market was fully recognized by Wall Street, which indicates that China's state-owned enterprises have developed to a relatively mature stage.


    Hongkong media commented, "Mr. Fu and CNOOC may be the only winner after the acquisition. The reasons are as follows: CNOOC has proved itself to be a world-class multinational company in the whole takeover battle."

    Although the mainstream media in the US did not have a high opinion of CNOOC's withdrawal from bidding, many people in the US public know Fu Chengyu and his CNOOC.


    Fu Chengyu biography


    Fu Chengyu, born in 1951 and graduated from the Department of geology of Northeast China Petroleum University, has received a master's degree in petroleum engineering from University of Southern California, and has over 30 years experience in China's petroleum industry.

    He worked in Daqing oilfield, Liaohe Oilfield and Huabei oil field in China. He joined China National Offshore Oil Corporation in 1982. In October 2003, Fu Chengyu was appointed general manager of China Offshore Oil Corporation and chairman and chief executive officer of Cnooc Limited.

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