A Petroleum Contract Signed between CNOOC and Husky.CNOOC CNOOC China National Offshore Oil Corporation and Husky Oil China Ltd. of Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of signed WC 13-1/2 petroleum contract in Beijing Beijing (bā-jĭng) or Peking (pē-kĭng, pā–), city (1994 est. urban pop. 6,093,300; 1994 est. total pop. 7,240,700), capital of the People's Republic of China. It is in central Hebei prov. on Oct. 13. It is the fifth petroleum contract signed by CNOOC this year. The previous 4 petroleum contracts are as follows: Qinhuangdao 62/01 Block petroleum contract signed with Arco China Ltd. in February, Qinhuangdao 16/21 Block petroleum contract signed with Burlington Resources Burlington Resources, is an American oil and gas company. Their headquarters are in Houston, Texas. Based in Houston, Texas, BR has major offices located in Calgary, London, Farmington, Midland and Fort Worth. China Ltd. in March, Qinhuangdao 15/12 Block petroleum contract signed with Shell Exploration China Ltd. in April and Bohai 09/18 Block petroleum contract signed with Kerr-Mcgee of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in September. Up to now, CNOOC has signed 145 petroleum contracts (agreements) with 70 oil companies in 18 countries and regions and 30 of them are being executed. The total area covered by the contracts under execution is nearly 120 000 [km.sup.2] and 16 oil/gas fields have been established. WC13-1 and WC 13-2 oilfields covered by the present contract are discovered by CNOOC itself. They are located 136 km east of Hainan Wenchang. Talks with Husky started after the oilfields entered the development stage. It is stipulated in the contract that Husky will hold 40% stakes and CNOOC will be the operator. The contract area is 69 [km.sup.2]. |
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