(EnergyAsia, January 12) — Hong Kong-listed CNOOC Limited said it has signed an agreement with South Atlantic Petroleum Limited (SAPETRO) to acquire the latter’s 45% working interest in an offshore oil mining licence (OML 130) in Nigeria for US$2.268 billion cash. The purchase will be funded from CNOOC Ltd’s internal resources. SAPETRO is a privately…
CHINA: CNOOC Limited acquires 45% stake in offshore Nigerian oil mining licence for US$2.268 billion
Posted on January 12, 2006 by EnergyAsia