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

Danske/dir: Har indskærpet reglerne for vores handlere

16-04-2014 15:01:39
I lyset af den bøde, Danske Bank har fået for brud på børsens regler, har banken indskærpet handelsreglerne for sine mange handlere. Det fortæller Henrik Voetma..

Danske Bank får bøde på 410.000 kr. af børsen - NY

16-04-2014 13:11:16
Danske Bank har fået en bøde på 500.000 skr., eller 410.500 kr., af selskabet bag fondsbørsen i København, Nasdaq OMX.Bøden er givet, fordi banken angiveligt ha..

Aktier/middag: Nervøse smil præger fortsat markedet

16-04-2014 11:32:27
Investorerne ser ud til at ville fylde aktiedepoterne op, før kursen sættes mod røget laks, snaps og påskeferie. I hvert fald er de danske aktier i glimrende fo..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
Ingen data fundet.

Relaterede aktiekurser

Chevron Corporation 123,68 1,5% Stigning i aktiekurs
BG Group PLC ORD 10P 1.134,00 0,5% Stigning i aktiekurs
ENI S.p.A. 51,90 0,4% Stigning i aktiekurs
Cnooc Ltd 166,41 1,0% Stigning i aktiekurs
ENI . 18,69 -0,1% Fald i aktiekurs
ENI 18,60 0,5% Stigning i aktiekurs
Chevron 122,50 0,0% Aktiekurs uændret

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.
 
18. april 2014 22:12:31
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140324.1 - EUROWEB2 - 2014-04-18 22:12:31 - 2014-04-18 22:12:31 - 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