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Oil & Gas Technical Compendium

CNOOC China signs cooperation framework agreement with Sinopec Corp.

HONG KONG CNOOC Limited has announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation (Sinopec Corp.) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu basin.The Cooperation Framework Agreement will be implemented in three years through joint study, joint exploration and facility sharing in multiple sea areas. Under the framework, both parties have signed three joint study agreements, namely, “Joint Study Agreement on Bohai basin,” “Joint Study Agreement on North Jiangsu basin and South Yellow Sea basin” and “Joint Study Agreement on Beibu Gulf basin.” Both parties will share data and carry out innovative joint studi.....

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