China National Offshore Oil Co (CNOOC) signed a memorandum of understanding (MOU...
FILE PHOTO: Logos of China National Offshore Oil Corporation are displayed at a news conference on the company's interim results in Hong Kong, China March 23, 2017. REUTERS/Bobby Yip/File Photo
BEIJING/SINGAPORE - China National Offshore Oil Co signed a memorandum of understanding with Abu Dhabi National Oil Co on upstream exploration and development, oil refining and liquefied natural gas trade, state-backed China News Agency reported on Monday. The MOU was signed on the sideline of a state visit by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed.
Under the agreement, companies will share the latest know-how in developing ultra-acidic natural gas fields, the report said, citing a statement from CNOOC Group. The two companies will consider enlisting CNOOC’s engineering arms, Offshore Oil Engineering Co Ltd (
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