CNOOC to invest in Indonesian natural gas project

Oct 29, 2010 12:00 AM

Sources from the Indonesian embassy in China said CNOOC Limited, Samudra Global Energy and Husky Energy have already signed a memorandum of understanding to jointly invest in the Indonesian-based Madura Strait Production Sharing Contract Natural Gas Project.

The project has 442 bn cm in natural gas reserves and requires a total investment of nearly $ 650 mm.

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