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Article: Norway : Statoil partners with China in Gulf of Mexico.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore Oil Corporation, a company spokesman said Thursday.
Statoil spokesman Ola Morten Aanestad said Statoil and CNOOC signed the agreement on Oct. 29, making the Chinese oil concern part owner of four Statoil leases in the region.
Aanestad said Statoil sold 20 percent of its shares in one lease and 10 percent in each of the other three leases, but declined to say for how much.
He said the move was "in line" with Statoil's strategy in the Gulf, where the company's American-based ...