Sinochem to look for oil in deep waters

    Updated: 2012-01-05 08:00

    By Zhou Yan (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    Sinochem to look for oil in deep waters

    BEIJING - Sinochem Group, the country's fourth biggest oil company, recently inked a deal to acquire a 10 percent stake in a deepwater exploration project off the shores of Brazil, an official from the company said.

    Sinochem said it hopes the deal will give it technological and management expertise in the business of exploring for oil and gas in deep waters. The company disclosed no further information about the acquisition.

    The purchase came after the State-owned oil company first entered the Latin American country in May. It then obtained a 40-percent stake in Brazil's Peregrino offshore oilfield from the Norway-based Statoil for $3.07 billion, marking the company's biggest overseas acquisition so far.

    That project is estimated to have produced 3.2 million tons of oil and gas for Sinochem last year, according to an official from the company who declined to be identified.

    From 2002 to 2010, the amount of Sinochem's gas and oil output was 8.72 million tons.

    The official said the company is expected to produce more than 4 million tons of those fuels next year. That increase is to partly come from an increase in output from two blocks in Brazil's Peregrino oilfield, which is in the Campo Basin.

    The blocks are expected to yield more than 1 million tons of gas and oil this year.

    Sinochem entered into the business of exploring for oil and gas in 2002 and now operates 25 blocks in 10 countries, including Brazil, Colombia, Peru and the United Arab Emirates.

    That business now contributes 10 percent of Sinochem's profits, the official said. The energy conglomerate made 7.35 billion yuan ($1.17 billion) in net profit in 2010.

    Unlike China's three largest oil companies - China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil Corp - Sinochem does not have the licenses it needs to explore domestic oilfields and has to expand overseas to maintain its growth.

    "We're looking for acquisition opportunities in foreign markets, but we're very cautious and careful about making final decisions," the official said.

    The Beijing-based energy conglomerate also said it is willing to take part in the second auction that will be held for the rights to explore for shale gas in China, an event that is being organized by the Ministry of Land and Resources.

    The auction will enable Sinochem to further test the commercial opportunities entailed in the production of alternative fuel in China.

    Sinochem was not short listed to bid in the first shale gas auction, which was held in June.

    Sinochem gained a 24.5 percent non-operating interest in the Zhaodong oil block in Bohai Bay by purchasing a 100-percent stake in New XCL-China LLC in February 2007. That marked the company's first and only foray into domestic oil exploration.

    国产精品一区二区久久精品无码| 人妻中文字系列无码专区| 中文字幕亚洲欧美日韩在线不卡| 亚洲国产精品无码一线岛国| 日韩精品一区二区三区中文| MM1313亚洲精品无码| 亚洲中文字幕无码一久久区| 日韩中文久久| 中文字幕视频一区| 亚洲熟妇中文字幕五十中出| YY111111少妇无码理论片| 亚洲av无码av制服另类专区| 欧美日韩毛片熟妇有码无码 | 老子午夜精品无码| 亚洲成a人片在线观看中文动漫| 国产亚洲精品无码专区| 少妇无码AV无码专区线| 中文字幕无码无码专区| 中文字幕无码不卡免费视频| 中文字幕一区视频| 最好看的中文字幕最经典的中文字幕视频 | HEYZO无码综合国产精品| 亚洲AV无码久久精品成人 | 成年无码av片在线| 亚洲av无码av制服另类专区| 亚洲av无码不卡| 亚洲国产精品无码久久| 婷婷四虎东京热无码群交双飞视频 | 无码精品日韩中文字幕| 最好看的电影2019中文字幕 | 香蕉伊蕉伊中文视频在线 | 高清无码v视频日本www| 最近免费中文字幕高清大全 | 亚洲日本中文字幕区| 暖暖日本中文视频| 欧美中文字幕无线码视频| 无码av中文一二三区| 中文字幕一区日韩在线视频| 高清无码午夜福利在线观看| 亚洲日韩精品A∨片无码| 亚洲国产成人片在线观看无码|