Australian CBM, Shale Attracts CNOOC

摘要

China National Offshore Oil Corp. (CNOOC) has taken a 50% stake in a number of Australian coalbed methane (CBM) and shale gas permits in Queensland, paying A$50 million (US$49.3 million) for a half stake in five permits owned by Exoma Energy. With CNOOC's involvement, Exoma will now accelerate its exploration program for its Galilee Basin permits, with funding going into exploration and appraisal work up until August 2013, Exoma said Thursday.