The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> Media & Partner > Exhibition News

Cnooc Seeks to Invest in U.S. Shale Projects to Expand Reserves, Wang Says

Pubdate:2012-03-06 10:02 Source:zhanghaiyan Click:

Cnooc Ltd. (883), China's biggest offshore energy explorer, plans to increase investments in North American shale projects to expand reserves and acquire technology to develop domestic fields.

"The U.S. has advanced shale oil and gas technology and rich resources," Chairman Wang Yilin said in an interview in Beijing today, declining to identify potential sites and partners. "We are interested in U.S. shale projects."

Cnooc has bid for at least $4.5 billion of overseas assets since the beginning of last year, including stakes in shale assets held by Chesapeake Energy Corp., to help increase overseas production. The Hong Kong-listed company, which relies on areas off the Chinese coast for 80 percent of its output, slashed its 2011 production target after oil leaks shut the Penglai 19-3 field in northern China.

"The company's overall oil and gas output this year should be basically the same as in 2011," said Wang as he arrived at the Great Hall of the People for the opening of the country's legislature. "We are awaiting government approval to restore output at Penglai. The conditions are in place to resume production at the field."

Cnooc said on Jan. 19 it aims to produce the equivalent of 330 million to 340 million barrels of oil in 2012, a gain of as much as 2.7 percent from last year. Overseas oil and gas production may reach as much as 13 million tons this year, Wang said. That's equivalent to about 95 million barrels.

The shares have fallen 4.4 percent in Hong Kong trading in the past year, compared with the 8.3 percent decline in the benchmark Hang Seng Index. Cnooc dropped 0.5 percent to HK$17.36 as of 10:36 a.m. local time.

Chinese Shale

Cnooc has started exploring its first shale gas site in China, following rivals including PetroChina Co. (857) in the search for the unconventional fuel, parent China National Offshore Oil Corp. said on Jan. 11.

China, estimated to hold more gas trapped in shale than the U.S., may hold its second auction of exploration areas by the end of February or in early March, Zhang Dawei, deputy director of oil and gas research at the Ministry of Land and Resources, said on Feb. 13.

"We don't have a plan to participate in the next domestic shale gas auction, but will look out for future opportunities," Wang said.

主站蜘蛛池模板: 百合多种道具坐到哭hh| 一本色道久久88综合亚洲精品高清| 国产亚洲成归v人片在线观看| 欧美乱人伦人妻中文字幕| 国产精品无圣光一区二区| 亚洲欧洲另类春色校园小说| 91短视频在线免费观看| 欧美精品xxxxbbbb| 国产精品第二页在线播放| 亚洲日本在线观看网址| 538精品在线视频| 欧美人与zoxxxx另类| 国产精品亚洲精品日韩已方| 亚洲av网址在线观看| 99久久国产综合精品五月天| 最近中字视频在线观看| 国产在线观看免费完整版中文版| 久久精品国产清白在天天线| 香蕉视频亚洲一级| 新婚娇妻1一29芷姗txt下载| 国产99久9在线视频| 三级理论中文字幕在线播放| 福利视频一区二区三区| 天堂网www在线资源网| 国产精品美女流白浆视频| 亚洲国产精品嫩草影院| 狠狠色先锋资源网| 日本在线视频播放| 啦啦啦中文在线观看| segui久久综合精品| 欧美精品专区第1页| 国产欧美日韩精品一区二区三区| 久久午夜羞羞影院免费观看| 美女张开腿让男人桶| 天堂中文8资源在线8| 亚洲午夜国产片在线观看| 麻豆亚洲av熟女国产一区二| 成年女人黄小视频| 亚洲高清无在码在线无弹窗| 亚洲h在线观看| 无码人妻一区二区三区在线 |