男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Sinopec buys into Chesapeake's Oklahoma assets

Xinhua | Updated: 2013-02-26 11:09

BEIJING - The China Petrochemical Corporation (Sinopec) has purchased half of the stakes of the United States' second-largest natural gas developer in its oil and gas assets in Oklahoma.

The oil giant announced Monday that its wholly-owned subsidiary Sinopec International Petroleum Exploration and Production Corporation has signed an agreement with Chesapeake Energy Corporation to buy 50 percent of the latter's shares of an oil and gas reserve in northern Oklahoma.

The acquisition, which will cost Sinopec $1.02 billion for a 425,000-acre (171,991 hectares) limestone oil reserve, represents the largest such share purchased by a Chinese enterprise.

Under the agreement, the two parties will share future exploratory spending for the project based on their holdings, with Chesapeake serving as the operator.

Given the US extremely strict approval system over purchases launched by foreign companies, the 50-percent acquisition marks a huge breakthrough and will give the Chinese company greater say in the assets, sources from Sinopec said.

The move came after the company's previous $2.5 billion purchase of one-third of the Devon Energy Corporation's gas reserves in 2012.

Both reserves are located in Mississippi Basin and will generate a sound synergistic effect, Sinopec said.

The stock price of Chesapeake declined over 30 percent in 2012, as natural gas in the North American market has become much cheaper due to increasing output from US shale gas projects.

Limestone gas, along with shale gas and coalbed methane, is considered to be a source of unconventional gas.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 鲁甸县| 大埔县| 盐池县| 天镇县| 琼结县| 九江市| 疏附县| 浪卡子县| 武穴市| 扎兰屯市| 白河县| 滁州市| 革吉县| 襄樊市| 将乐县| 灌云县| 米易县| 扎兰屯市| 栾城县| 临桂县| 万州区| 石渠县| 苍梧县| 乾安县| 凯里市| 合阳县| 石门县| 临沧市| 黑河市| 盐亭县| 石景山区| 宜丰县| 平谷区| 巴塘县| 乌拉特前旗| 乌海市| 红河县| 大安市| 衡东县| 陇西县| 肃南|