Others News
- CNPC, Malaysia firm to tap oil block
Date: 14-Nov-2007 Sources: (Shenzhen Daily)
CHINA National Petroleum Corp., the parent of PetroChina, has signed a rare upstream deal with a foreign firm to develop an oil block in northeastern Jilin Province, a company paper reported yesterday.
The Fuyu Block 1 in Songliao Basin covers 254.9 square kilometers, and contained heavy oil reserves that were difficult to tap, reported the China Petroleum Daily. The deal was the first onshore project in China for the Malaysian company, Rimbunan Hijau Group, which also had oil business in Myanmar, the report said. It did not provide any reserve figures or details of the contract.
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