男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Top Biz News

Cnooc may snag 50% of Argentine oil producer

By Wan Zhihong (China Daily)
Updated: 2010-03-16 10:12
Large Medium Small

BEIJING - Cnooc Ltd, China's largest offshore oil and gas producer, said on Sunday it will pay $3.1 billion to acquire a 50 percent stake in Argentine oil producer Bridas Corp, a deal analysts said will add to the company's reserves and production substantially.

"It is not only significant as a positive, long-term business strategy, but also will serve to add substantially to Cnooc's production and reserves immediately," said Frank Gong, vice-chairman of China investment banking at JP Morgan. The company is the sole financial adviser to Cnooc in the deal.

Based on 2009 statistics, the deal would increase Cnooc's proven reserves and average daily production by 318 million barrels of oil equivalent (BOE) and 46,000 BOE respectively, said a company statement.

"Bridas, with a world-class oil and gas asset portfolio, is a very good beachhead for us to enter Latin America. Through this transaction, we'll establish a fair presence in this region," said Yang Hua, president of Cnooc.

Currently, Bridas, through its affiliates, has oil and gas exploration and production activities in Argentina, Bolivia and Chile.

Latin America is one of the foremost growth areas in the global oil and gas business. Bridas is among the top players in the region on various fronts, including reserve additions, production growth, and low cost operations, said analysts.

Related readings:
Cnooc may snag 50% of Argentine oil producer New CNOOC gas field discovered
Cnooc may snag 50% of Argentine oil producer CNOOC: Partner Husky finds gas field in S.China Sea
Cnooc may snag 50% of Argentine oil producer CNOOC shares fall on news of purchase
Cnooc may snag 50% of Argentine oil producer South China Sea gas find to fuel CNOOC dreams

Bridas itself has huge upside potential. Energy demand in Argentina is growing rapidly and the regulatory environment is evolving favorably. In addition, there are distinct growth opportunities arising from the exploration portfolio and from increased recovery rates, they said.

It has been some time since Cnooc made its last overseas acquisition, said Liu Gu, an analyst at Guotai Junan Securities.

"The deal confirms with Cnooc's future strategy to focus more on deep-water oil exploration and overseas expansion," said Qiu Xiaofeng, an analyst at China Merchants Securities in Shanghai, adding that the company will see accelerated growth in its overseas expansion between 2011-2015.

The deal still needs the approval of the Chinese government, and is expected to take place in the first half of 2010, according to Cnooc.

?

 

主站蜘蛛池模板: 马关县| 永寿县| 昔阳县| 平湖市| 宝兴县| 孝义市| 文安县| 达州市| 黎平县| 浑源县| 临颍县| 嫩江县| 汨罗市| 富裕县| 莱州市| 府谷县| 达日县| 合山市| 吉木乃县| 杭锦后旗| 高邮市| 昆山市| 铜山县| 靖宇县| 常州市| 大荔县| 平乐县| 宝山区| 陵川县| 高邮市| 彭州市| 龙陵县| 曲麻莱县| 大竹县| 探索| 无棣县| 沁水县| 航空| 神木县| 遂溪县| 黎城县| 武汉市| 广丰县| 侯马市| 南川市| 镇雄县| 海盐县| 安溪县| 平原县| 确山县| 建宁县| 大渡口区| 南木林县| 于都县| 阜南县| 天峨县| 汉寿县| 昭苏县| 蒲城县| 昌平区| 湄潭县| 饶河县| 南安市| 兖州市| 衡阳县| 家居| 吐鲁番市| 沙湾县| 大埔县| 永兴县| 同江市| 江北区| 永修县| 普洱| 大石桥市| 南皮县| 葫芦岛市| 巍山| 霍邱县| 武汉市| 齐河县| 朝阳区|