CNOOC signs PSC contract with Cambodia

Jun 12, 2007 02:00 AM

CNOOC Group, parent company of CNOOC, recently signed the first production sharing contract with the related department of Cambodian government, and a second agreement may follow within weeks.
The report said that CNOOC Group signed the contract for offshore Block F in late May and is to undertake six-month oil and gas exploration in Cambodia.

It is also said that the two sides are likely to sign a second contract for Block 13 in Tonle Sap Lake in Cambodia at the end of June and or the beginning of July.
CNOOC Group and Cambodia National Petroleum Authority signed a letter of intention in July last year for oil and gas exploration in Cambodia.

Source / Chinamining.org
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