HONG KONG (AFX-ASIA) – CNOOC Ltd (883.HK) said that its wholly-owned subsidiary, CNOOC Muturi Ltd, has acquired a 20.77% interest in Muturi Production Sharing Contract (PSC) from BG Group for US$105.1 million. Muturi PSC is part of the Tangguh LNG project, located in Papua, Indonesia. It has annual capacity of 2.5 million tons and is…
CHINA: Hong Kong-listed CNOOC unit buys 20.77% stake in Muturi contract
Posted on May 26, 2004 by EnergyAsia