China’s CNOOC Limited said that it has signed an agreement to acquire from BP a 12.5% interest in the reserves and upstream production of the proposed joint venture in Indonesia’s Tangguh LNG Project. CNOOC Limited will pay BP approximately US$275 million through the acquisition of interests in Production Sharing Contracts (PSCs). The Tangguh LNG Project…
INDONESIA: China’s CNOOC Limited to acquire 12.5% stake in gas joint venture
Posted on October 1, 2002 by EnergyAsia