Middle East Economic Survey
VOL. LII
No 36
7-Sep-2009
QATAR
QP Signs Exploration Deal With CNOOC For Offshore Block BC
Qatar Petroleum (QP) has signed a 25-year exploration and production sharing agreement with the Qatar subsidiary of the China National Offshore Oil Corporation (CNOOC) for the offshore Block BC (pre-Khuff). The agreement marks the start of a five-year exploration period during which CNOOC Middle East (Qatar) will invest about $100mn to gather seismic data and drill three wells....
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