CNOOC purchased stock right of oilfield in lihai
[2008-4-3]
A related person of CNOOC Co., ltd. （0883.HK）told reporters that his company had sign an agreement with Britain Natural Gas Co., Ltd. the fully subsidiary of Britain Natural Gas Group. to purchase project's rights and interest of 1/12（8.33%）in north of lihai in Hasakestain with 6.15 hundred billion US dollar.
Maritime of 5600 square kilometers was covered in this project, including Kashagan oilfield and Kalamkas exploration structure, and other 3 large exploration structures with great potential: Kairan、Aktoteand KashaganSW. Kashagan oilfield is the largest in the world and an important exploration discovery for oil and natural gas in latest 30 years. It is one of most abundant hydrocarbon reserves in the world and production reserves can meet 130 hundred billion barrels at most supposedly. This project was shared together by world-class groups, whose members include BP, ExxonMobil, Shell etc.
"By purchasing this project we establish a stable stand in a world full of abundant hydrocarbon reserves, and it provide us increasing potential of reserves and long-term output increase." Mr. Wei Liucheng, director and Chief CEO of CNOOC Co., ltd. said, "We earnestly expect to establish co-operation relation with many global excellent enterprises of oil and gas through this project.
The company said that the project of purchasing can be completed or not lies in some preconditions including some member's giving up some preemption right and obtaining government's approval. The company's financial advisors of this project were First Boston, Swiss credit and Miraclink Group.
Maritime of 5600 square kilometers was covered in this project, including Kashagan oilfield and Kalamkas exploration structure, and other 3 large exploration structures with great potential: Kairan、Aktoteand KashaganSW. Kashagan oilfield is the largest in the world and an important exploration discovery for oil and natural gas in latest 30 years. It is one of most abundant hydrocarbon reserves in the world and production reserves can meet 130 hundred billion barrels at most supposedly. This project was shared together by world-class groups, whose members include BP, ExxonMobil, Shell etc.
"By purchasing this project we establish a stable stand in a world full of abundant hydrocarbon reserves, and it provide us increasing potential of reserves and long-term output increase." Mr. Wei Liucheng, director and Chief CEO of CNOOC Co., ltd. said, "We earnestly expect to establish co-operation relation with many global excellent enterprises of oil and gas through this project.
The company said that the project of purchasing can be completed or not lies in some preconditions including some member's giving up some preemption right and obtaining government's approval. The company's financial advisors of this project were First Boston, Swiss credit and Miraclink Group.
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