After the acquisition of Nixon, CNOOC's assets will cover all continents in the world, which can make up for the double shortcomings of assets and technologies in the unconventional oil and gas field, and at the same time strengthen the maritime advantage with Nixon's deep-sea mining technology. CNOOC also announced that it will rely on Nixon's management team to establish a management platform for CNOOC in North America and Central America in Calgary, Canada.
If the acquisition is successful, CNOOC will become the operator of the Nixon project with the transfer of ownership. This shows that the former will have a greater say in project schedule control and oil production acquisition.
Nixon's main assets are located in OECD countries with sound rule of law and sound fiscal and taxation systems. These are the "best overseas investment destinations" in the eyes of CNOOC.