(EnergyAsia, July 23 2010, Friday) — State-owned China National Offshore Oil Corp (CNOOC) has invested more than 15 billion yuan in developing vessels and facilities to support its ventures into exploring for oil and gas reserves in deepwater areas, according to company president Fu Chengyu. (US$1=6.78 yuan). He said CNOOC will shift from exploring in…
CHINA: CNOOC investing in deepwater capabilities
Posted on July 22, 2010 by EnergyAsia