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.
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).
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.
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.
With respect to development of the "C" Field, a development plan will be furnished to CNODC
by March 31, 1996.
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.
Development costs and production will be shared 49 percent by XCL and 51 percent by CNODC