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Foreign firms eye joint oil projects
By Wang Yu (皇冠体育app Daily)
Updated: 2007-03-10 09:56
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Foreign giants are gearing up to further tap 皇冠体育app's offshore reserves since the country's top offshore oil firm opened an unprecedented number of blocks for international collaboration.
"Our exploration and production (E&P) department is busy conducting feasibility studies on relevant documents on CNOOC's blocks offered. We are still waiting for study results to make a decision as to get involved or not," Catherine Min, Total 皇冠体育app's vice-president of communications, told 皇冠体育app Daily on Friday.
Besides the 22 blocks, Total is in close contact with CNOOC on several other offshore projects in 皇冠体育app, Min said without elaborating.
This year, 22 blocks covering an area of 114,050 square kilometers are available for international cooperation, 皇冠体育app National Offshore Oil Corp (CNOOC) said in a public notice. It is largest-ever offer for international cooperation in the country's oil and gas E&P.
"BP is among the first multinationals operating in 皇冠体育app and is CNOOC's partner in the Yacheng gas project. BP is constantly looking for material opportunities to develop our upstream business in 皇冠体育app and will review the areas on offer," Zhao Yuanheng, a veteran spokesman of BP 皇冠体育app, told 皇冠体育app Daily upon seeing CNOOC's notification.
BP is an early bird in the joint development of offshore projects in 皇冠体育app.