July 15, 2009

CNOOC Offers 17 Offshore Blocks to Foreign Cooperation

China National Offshore Oil Corp. (CNOOC) is offering 17 blocks for joint foreign development. Most of the offshore blocks are in the east South China Sea in the Pearl River basin (image at left shows locations).
The head of CNOOC, Fu Chengyu, told Dow Jones the company was interested in cooperation "instead of mergers and acquisitions" in response to the reports that the company might buy all of Repsol's Argentina assets....

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