Huge Oil and Gas Deals Signed for China's Offshore Area

摘要

@@ Leading domestic and foreign oil explorers have clinched several huge deals to accelerate the development of oil and gas projects in the resourcerich East China Sea. Five exploration and development contracts were signed on August 19by China National Offshore Oil Corp (CNOOC),China Petrochemical Corp (Sinopec), the Shell Group and the Union Oil Co of California. The value of the contracts - which cover about 22,000 square kilometers of offshore areas has not been disclosed.