25 jun: Citi Cuts China's 2012 Growth Outlook to 7.8%
25 jun: Spain Expects Doubt On Bank Aid To Be Resolved
25-06-2012 14:06:00

Cnooc: Seeking Foreign Firms to Jointly Operate Nine Offshore Blocks

Relateret indhold
03 apr - 
Verdens største virksomhed

BEIJING--China National Offshore Oil Corp. said Monday that it's making nine offshore blocks in the South China Sea available for joint operation with foreign companies.

The blocks, in water 300-4,000 meters deep, cover an area of 160,124.38 square kilometers, the company said in a statement on its website.

Seven blocks are located in the Zhongjianan Basin and two in areas covering parts of the Wan'an and Nanweixi basins, the company said.

The move comes as Cnooc has been striving to reduce its reliance on foreign expertise by recently developing its own deepwater capabilities as part of efforts to locate more domestic oil and gas reserves in more challenging offshore locations. With the official launch of its first ultra-deepwater drilling platform May 9, Cnooc for the first time independently drilled deepwater wells without the help of a foreign partner or equipment.

The company offered 19 offshore blocks for joint operation with foreign companies in 2011 and 13 offshore blocks in 2010.

Cnooc, China's largest offshore oil and gas producer by capacity, has been collaborating with international companies to develop its offshore oil fields since the 1980s due to technical difficulties and economic risks involved in offshore oil development, according to China Daily. Cnooc owns 51% of the oil and gas output from the fields, while the foreign companies own the remainder as a result of providing capital and technology during the exploration stage.

Cnooc has traditionally relied on foreign partners such as Canada's Husky Energy Inc. (HSE.T), U.S.-based Chevron Corp. (CVX) and U.K.-based BG Group (BG.LN) to explore and operate deepwater blocks off China.

Although Husky achieved considerable success finding deepwater gas in the Liwan 3-1 field in 2006, the lack of seismic data, high cost of drilling exploratory wells and less-than-lucrative contract terms have discouraged foreign companies from partnering to develop China's deepwater blocks.

Last year, Cnooc publicly offered its first deepwater oil blocks to foreign companies for joint operation, but only Italian oil major Eni SpA (E) made a successful bid, announcing in April that year that it had signed a production-sharing contract with Cnooc for a block located 400 kilometers off Hong Kong.

A third of China's oil and gas reserves are located in the South China Sea, and 70% of those are located in a 1.537-million-square-kilometer deepwater area, according to company Chairman Wang Yilin.

--Yvonne Lee contributed to the article.

Write to Sarah Chen at Sarah.Chen@dowjones.com

(END) Dow Jones Newswires

June 25, 2012 08:06 ET (12:06 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Maersk Line-chef tager på charmeoffensiv i Kina

19-09-2014 15:47:03
Den administrerende direktør for Maersk Line, Søren Skou, har besøgt de kinesiske myndigheder i et forsøg på at skaffe opbakning til en ny shipping-alliance med..

Novo/Sydbank: Novo sidder tungt på diabetes-tronen

19-09-2014 12:17:21
Sydbank fastholder sin anbefaling af Novo Nordisk-aktien til trods for, at den amerikanske lægemiddelstyrelse, FDA, torsdag aften har godkendt Novo-konkurrenten..

Novo: Nygodkendt diabetesmiddel giver lynhurtigt effekt

19-09-2014 11:31:02
Novo Nordisks nye kombinationspræparat til behandling af type 2 diabetes, Xultophy, yder allerede efter fire uger en betydelig blodsukkerkontrol.Det fremgår af ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/Jyske: Svagt momentum bag lavere kursmål
2
Aktier/åbning: C20 styrer mod rekord efter skotsk afstemning
3
Novo får godkendt kombinationsmidlet Ideglira i EU
4
Aktier/tendens: Skotsk afstemning løfter stemningen
5
Aktier/middag: Skotterne sender Vestas og C20 til vejrs

Relaterede aktiekurser

BG Group PLC ORD 10P 1.166,50 -0,3% Fald i aktiekurs
Chevron Corporation 124,94 0,6% Stigning i aktiekurs
ENI . 19,02 0,1% Stigning i aktiekurs
ENI S.p.A. 48,91 -0,9% Fald i aktiekurs
Cnooc Ltd 180,50 -2,0% Fald i aktiekurs
ENI 19,16 4,5% Stigning i aktiekurs
Chevron 122,50 0,9% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
19. september 2014 19:50:39
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140919.1 - EUROWEB7 - 2014-09-19 19:50:39 - 2014-09-19 19:50:39 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x