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

  Home>News Center>Bizchina
       
 

CNOOC to develop oilfields with US firm
By Xiao Wang (China Daily)
Updated: 2005-10-19 08:52

The nation's third largest oil producer, China National Offshore Oil Corp (CNOOC), yesterday signed agreements with Texas American Resources Company (TARC) to explore two offshore areas in the eastern South China Sea.

The two companies signed a production sharing contract for Block 03/27 and a geophysical agreement for Block 28/20. Under the terms of the agreement, TARC will fund all the exploration costs and CNOOC will have a 51 per cent share in the development and production of the areas after any commercial discoveries, a TARC statement said.

Block 03/27, located in the Pearl River estuary basin, covers a total area of 10,569 square kilometres, with water depth ranging from 50 to 100 meters.

The other block, with an area of 7,625 square kilometres, is also located in the same area.

"The signing of the agreements is a good start. We sincerely hope that TARC, with its expertise and management skills, will be successful," said Zhu Weilin, CNOOC's vice-president and general manager of its exploration department.

CNOOC, which has a monopoly in China's offshore oil sector, is stepping up efforts to tap reserves to boost production.

The oil giant earlier this month announced it had made a new discovery in Bohai Bay, in an area called Luda 27-1.

Also in the same bay, CNOOC last month said an oilfield began production. It is able to produce approximately 3,200 barrels of oil per day from its nine wells.

CNOOC said it plans to double oil production within the next five years. The company produced 64.6 million barrels of oil in the first half of this year.

US-headquartered TARC, which established its Beijing office in May, said this is its first concrete project in China.

"The signing of the two agreements mean TARC has made significant improvements in its partnership with China," David Honeycutt, president of TARC, said in a statement.

The project with CNOOC was based on the assessment of more than 10 potential projects, both offshore and onshore, TARC said.

TARC, formed in 1990, is an Austin-based independent private oil company.


(China Daily 10/19/2005 page9)




 
  Story Tools  
   
Advertisement
         
主站蜘蛛池模板: 原平市| 巨鹿县| 巨野县| 永昌县| 永善县| 腾冲县| 仪征市| 土默特左旗| 石河子市| 宁南县| 靖州| 宜兴市| 从江县| 基隆市| 安吉县| 绥江县| 南涧| 晋城| 四平市| 江都市| 鹿泉市| 定州市| 花莲县| 盐山县| 肥西县| 望城县| 屯留县| 绥阳县| 安多县| 广河县| 边坝县| 胶州市| 永安市| 桐庐县| 吕梁市| 西林县| 沅陵县| 绥化市| 维西| 竹溪县| 分宜县|