久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Companies

CNOOC pays $570m to buy into US oil shale operation

By Jim Polson and John Duce (China Daily/Agencies)
Updated: 2011-02-01 10:01
Large Medium Small

NEW YORK - China National Offshore Oil Corp (CNOOC) Ltd, China's largest offshore energy producer, agreed to pay $570 million in cash for a one-third stake in Chesapeake Energy Corp's Niobrara shale project, adding to its US holdings in crude oil production.

CNOOC pays $570m to buy into US oil shale operation

Visitors at China National Offshore Oil Corp's booth at a new-energy exhibition held in Beijing. Shares of the Hong Kong-listed explorer have risen 52 percent in the past 12 months, outpacing the 15 percent gain in the benchmark Hang Seng Index. [Photo/China Daily]

The Chinese explorer also agreed to pay 66.7 percent of Chesapeake's costs up to $697 million to drill and complete wells in the area, the companies said in a statement on Sunday.

The deal follows President Hu Jintao's state visit to the United States in January to expand economic ties, and will give CNOOC its second US energy asset. The Hong Kong-listed explorer will pay about $866 a hectare for the one-third stake in Chesapeake's 323,887 Niobrara hectares and has the right to a 33.3 percent stake in future acquisitions in the formation in Colorado and Wyoming.

"If you look at President Hu's recent trip to Washington, there seems to be a greater willingness in the US to encourage Chinese investment," said Wang Aochao, head of China energy research at UOB-Kay Hian Ltd in Shanghai. "We don't have all the details at hand, but it appears to be a fair price for these assets. The Chinese oil majors still think valuations generally for oil and gas assets are reasonable."

Niobrara covers 821,756 square kilometers and may contain 103.6 million barrels of oil, the US Geological Survey estimated in 2006 before Chesapeake, EOG Resources Inc and other producers began drilling the formation.

"The project will not only strengthen our solid resource and production base overseas but create value to the shareholders in the long term," CNOOC's Chief Executive Officer Yang Hua said in the statement.

CNOOC has risen 52 percent in Hong Kong trading in the past 12 months, outpacing the 15 percent gain in the benchmark Hang Seng Index. The shares closed at HK$17.20 ($2.00) on Monday, falling 0.69 percent.

The Chinese energy explorer forecast a 12 percent increase in oil and gas production in 2011 after spending about $8.4 billion in the past year acquiring assets in the US, Africa and Argentina. By contrast, output rose 44 percent in 2010.

CNOOC, based in Beijing, completed its $1.08 billion purchase for a one-third interest in Chesapeake's Eagle Ford project in South Texas in November. The Niobrara deal may be completed in the first quarter of this year, according to Sunday's statement.

Related readings:
CNOOC pays $570m to buy into US oil shale operation CNOOC lifts production target by 11 percent
CNOOC pays $570m to buy into US oil shale operation CNOOC Ltd sets 2011 output target higher
CNOOC pays $570m to buy into US oil shale operation CNOOC taking giant steps
CNOOC pays $570m to buy into US oil shale operation China to auction 8 shale gas blocks in Q1

"The win-win deal valuation is fair, based on our estimates, and CNOOC's strategy to further expand into the oil-rich shale deposits in the US," said Gordon Kwan, head of regional energy search at Mirae Asset Securities in Hong Kong. "The total investment of $1.27 billion in the deal through 2014 is manageable and equates to about 14 percent of CNOOC's budgeted $9 billion for 2011."

The Niobrara deal will lead to a reduction in US oil imports over time and the creation of thousands of jobs, Chesapeake's Chief Executive Officer Aubrey McClendon said in the statement.

"This transaction will provide the capital necessary to accelerate drilling of this large domestic oil and natural gas resource," McClendon added.

Chesapeake expects to double its drilling rigs to 10 by the end of the year from the five currently operating in Wyoming's Powder River and Colorado's Denver-Julesburg basins. It plans to have 20 rigs working by the end of 2012.

Chesapeake, the most active US gas and oil driller, has 16 wells producing in those basins with initial output as high as 1,000 barrels of oil and 3 million cubic feet of natural gas a day, according to the company.

The companies plan to eventually produce the equivalent of as much as 5 billion barrels of oil from the basins.

Bloomberg News

分享按鈕
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国产福利91精品一区| 欧美综合欧美视频| 国产精品高清亚洲| 在线观看91视频| 日本亚洲三级在线| 久久奇米777| 99热这里都是精品| 亚洲成人动漫在线免费观看| 日韩视频一区在线观看| 国产成人综合视频| 一区二区在线观看免费视频播放| 欧美日韩久久一区| 国内精品伊人久久久久av影院| 国产精品久久久久永久免费观看| 91成人免费在线视频| 老司机精品视频线观看86| 欧美激情在线观看视频免费| 色视频一区二区| 欧美aⅴ一区二区三区视频| 国产午夜精品久久| 色素色在线综合| 久久av中文字幕片| 亚洲日穴在线视频| 日韩一区二区三区在线视频| 国产精品一二三四区| 亚洲精品老司机| 日韩欧美www| 91色综合久久久久婷婷| 日本不卡免费在线视频| 国产精品视频线看| 欧美放荡的少妇| 成人sese在线| 美日韩黄色大片| 国产精品超碰97尤物18| 777奇米成人网| 成人国产电影网| 蜜桃在线一区二区三区| 中文字幕一区二区三| 日韩三级在线观看| 日本久久电影网| 国内成人自拍视频| 午夜免费欧美电影| 国产精品久久久久久久岛一牛影视| 欧美精选一区二区| 91香蕉视频mp4| 激情文学综合网| 亚洲国产精品一区二区久久 | 91黄色激情网站| 亚洲综合色视频| 久久久精品国产免大香伊| 欧美亚男人的天堂| 顶级嫩模精品视频在线看| 婷婷六月综合网| 亚洲欧美日韩国产成人精品影院| 日韩欧美三级在线| 欧美日韩综合不卡| 99久久精品国产麻豆演员表| 激情文学综合网| 三级一区在线视频先锋| 亚洲人成网站色在线观看| 久久新电视剧免费观看| 欧美一级久久久| 欧美日韩一区二区三区在线| a级高清视频欧美日韩| 狠狠色狠狠色综合系列| 免费一级欧美片在线观看| 亚洲黄色尤物视频| 亚洲国产精品ⅴa在线观看| 欧美va亚洲va在线观看蝴蝶网| 欧美亚洲一区二区在线观看| 成人综合在线观看| 韩国v欧美v日本v亚洲v| 日韩成人精品在线| 亚洲美女偷拍久久| 亚洲国产精品精华液2区45| 欧美变态tickle挠乳网站| 欧美老年两性高潮| 欧美亚洲国产怡红院影院| 99久久99久久精品免费看蜜桃| 国产成人一区二区精品非洲| 狠狠色综合播放一区二区| 另类综合日韩欧美亚洲| 91在线丨porny丨国产| 国产成人av一区二区三区在线 | 国产精品久久精品日日| 久久精品一区二区三区不卡 | 亚洲精品日韩综合观看成人91| 国产精品免费视频观看| 国产午夜精品一区二区三区视频| 精品va天堂亚洲国产| 欧美xxxxx牲另类人与| 日韩亚洲国产中文字幕欧美| 7777精品伊人久久久大香线蕉超级流畅 | 韩国毛片一区二区三区| 日韩av高清在线观看| 日韩一区精品视频| 日韩精品一二区| 日本中文字幕不卡| 奇米在线7777在线精品| 蜜桃91丨九色丨蝌蚪91桃色| 久久aⅴ国产欧美74aaa| 国产乱子伦视频一区二区三区| 国产一区二区毛片| 国产电影一区二区三区| 成人精品视频一区二区三区 | 午夜精品久久久久久久久久| 亚洲欧洲精品天堂一级| 国产精品传媒视频| 中文字幕一区二区日韩精品绯色| 中文一区二区在线观看| 国产精品久久久一本精品| 国产精品国模大尺度视频| 国产精品高清亚洲| 亚洲欧洲三级电影| 国产精品久久久久久久久图文区| 国产精品麻豆一区二区| 综合婷婷亚洲小说| 亚洲视频一二区| 亚洲精品国产一区二区三区四区在线| 亚洲天堂2016| 亚洲免费高清视频在线| 亚洲人123区| 亚洲成人先锋电影| 久久www免费人成看片高清| 国产精品一区三区| 91在线视频免费观看| 欧美日韩一级片网站| 日韩一区二区三区三四区视频在线观看| 日韩欧美国产一区二区三区| 久久精品亚洲一区二区三区浴池| 国产精品久久综合| 一区二区三区四区国产精品| 青娱乐精品视频| 久久精品99国产国产精| 国产电影一区在线| 91久久线看在观草草青青| 欧美高清dvd| 久久久777精品电影网影网| 中文字幕在线视频一区| 亚洲成人精品一区二区| 韩国v欧美v日本v亚洲v| 91免费看片在线观看| 7777精品伊人久久久大香线蕉| 26uuu色噜噜精品一区| 综合网在线视频| 日韩电影在线一区二区三区| 国产精品一区二区男女羞羞无遮挡| 91玉足脚交白嫩脚丫在线播放| 91.com在线观看| 欧美极品aⅴ影院| 亚洲一级在线观看| 国产露脸91国语对白| 色先锋资源久久综合| 日韩精品一区二区三区在线播放| 亚洲国产精品黑人久久久| 亚洲大片精品永久免费| 国产suv一区二区三区88区| 精品视频一区二区不卡| 久久精品视频网| 亚洲一区二区三区精品在线| 精品系列免费在线观看| 91在线视频网址| 日韩精品一区二区三区在线| 亚洲精品水蜜桃| 国产一区美女在线| 一本久久a久久精品亚洲| 日韩欧美123| 一区二区三区久久| 国产乱码精品1区2区3区| 欧美性大战久久久久久久蜜臀| 精品国产露脸精彩对白| 亚洲男帅同性gay1069| 久久99久久99小草精品免视看| 91色porny蝌蚪| 欧美精品一区二区三区蜜臀| 一区二区三区在线播放| 国产真实乱对白精彩久久| 色94色欧美sute亚洲线路一久| 久久精品夜色噜噜亚洲aⅴ| 亚洲国产精品嫩草影院| 国产成人久久精品77777最新版本 国产成人鲁色资源国产91色综 | 91精品福利视频| 国产欧美精品一区二区色综合| 视频一区中文字幕| 99久久免费视频.com| 久久天天做天天爱综合色| 亚洲高清免费观看| 成人精品鲁一区一区二区| 日韩欧美国产不卡| 亚洲最大成人综合| 成人在线视频一区二区| 精品少妇一区二区三区视频免付费| 亚洲综合久久av| www.日韩在线| 久久综合久久鬼色中文字| 日本美女视频一区二区| 欧美性色黄大片手机版| 国产精品久久久久久久久果冻传媒| 国产中文字幕一区| 日韩欧美国产不卡|