The Cnooc talking points are that 70 percent of Unocal 's oil and gas reserves are in Asia , and mostly under long-term contract to Asian nations like Thailand and Indonesia ; Unocal 's American oil and gas production accounts for less than 1 percent of American consumption , and Cnooc has pledged that United States production will remain in the United States market ; and Unocal jobs in America will not be cut , if Cnooc takes over .