Latest News:  
Beijing   Shower/Cloudy    25 / 12 ℃  City Forecast

Home>>China Business

CNOOC, Roc Oil ink product-sharing contract

(Xinhua)

12:06, May 12, 2012

BEIJING, May 11 (Xinhua) -- China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, has signed a product-sharing contract with an Australian company on an oilfield in the Bohai Sea.

According to the contract, Roc Oil (Bohai) Company will collect three dimensional geological data on the 09/05 oilfield during the exploration period, CNOOC Ltd., a subsidiary of CNOOC, said Friday.

Roc Oil (Bohai) Company, a wholly-owned subsidiary of Roc Oil Co., one of Australia's largest oil and gas producer, will drill the block during the exploration period and bear all costs arising from the exploration, the contract said.

The contract entitled CNOOC to have a maximum 51-percent stake in any commercial oil and gas operations on the oilfield, which is 50 kilometers southeast of the port city of Tianjin.

Email|Print|Comments(Editor:雪萌、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Thousands evacuated due to subsidence

  2. ArcelorMital Orbit Tower at Olympic Park

  3. Lang Lang receives honorary doctorate degree

  4. Amazing life in Gaoligong Mountain National Nature Reserve

Most Popular

Opinions

  1. Regulations holding back financial sector’s progress
  2. City banks' IPO push puts investors at risk
  3. Ways to develop low-carbon economy in China
  4. RRR cut still in country’s best economic interest
  5. Relax high-tech restrictions
  6. Overseas investment yields not nation's priority
  7. A neutral US helpful to stability in S China Sea
  8. Tourism authority warns of low-cost package tours
  9. Have you felt anxious recently?
  10. Central bank's rise comes at economy’s expense

What's happening in China

Sichuan holds drill on quake anniversary

  1. Work teams sent to storm-battered Gansu
  2. 19 dead, 45 missing in NW China storms
  3. China Braille Library in Beijing
  4. China foreign trade growth slows in April
  5. Bank of China's Chicago branch approved

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai