CNODCChina National Oil and Gas Exploration and Development Corporation
CNODCChina National Oceanographic Data Center
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The meeting has also reviewed expansion of the activity of the Chinese companies in the Sudan in the exploration field; meanwhile, the deputy chairman of the CNODC has asserted the company's serious intention to expand its investment in the field of the oil service, exploration and production beside the technical cooperation in the technical field.
Pendant ce temps, le vice-president de la CNODC a affirme l'intention serieuse de l'entreprise d'elargir ses investissements dans le domaine du service, l'exploration et la production petroliere a cote de la cooperation technique dans ce domaine.
CNODC is a wholly owned subsidiary of China National Petroleum Corporation.
Upon completion of the two agreements and the receipt of approval from the State Oil Company of the Azerbaijan Republic (SOCAR), CNODC and CNPCHK will become parties to the Agreement for the Rehabilitation, Exploration, Development and Production Sharing for the Block including the Kursangi and Karabagli fields (the PSA).
This agreement was based on Apache's representation to XCL and CNODC that Apache would rapidly develop the existing discoveries on the Zhao Dong Block.
and CNODC International Holding Ltd have agreed with Petrobras International Braspetro B.
CNODC is exploring for and developing 6m barrels of crude oil in the region's Sbaa basin, said to contain 600m barrels of oil in place.
The Zhang Dong Block is the second production sharing contract awarded to XCL by CNODC by agreement dated August 20, 1998, effective October 1, 1998.
CNODC is exploring for and will develop 6m barrels of oil in the region's Sbaa basin, which is said to contain 600m barrels of oil in place.
Thereafter, development and production costs will be shared 49 percent by XCL and 51 percent by CNODC.
PetroChina Vice President Zhao Zhengzhang, Bo Qiliang, Ran Xinquan and leaders from International Department, Foreign Cooperation Department and CNODC were present at the meeting.
The agreement states that Kulob, Total E&P and CNODC Coop will each have equal interest in the PSC in which Kulob will be a part of the initial work program to pay 33.