China National Offshore Oil Corporation (CNOOC) and PetroChina may tie up with Norwegian state-owned company Statoil to expand exploration in the South China Sea, especially in largely unexplored deepwater areas, a Statoil spokesperson said. The spokesperson said the Norwegian company was conducting “preliminary discussions” with the two mainland China oil majors “on cooperation in…
CHINA: Oil majors eyeing deal with Statoil to raise exploration in South China Sea
Posted on January 26, 2005 by EnergyAsia