(Bloomberg) -- Singapore Petroleum Co., the only oil
refiner traded on the city state's stock exchange, will explore
for oil and gas with China National Offshore Oil Corp. in its
first venture off the Chinese coast.
Singapore Petroleum will operate and own 100 percent of
Block 26/18 in the Pearl River Mouth Basin in the South China Sea,
while China National has the right to take a stake of as much as
51 percent should a discovery be made, the Singapore company said
today in a statement.
Read more at Bloomberg Energy News
refiner traded on the city state's stock exchange, will explore
for oil and gas with China National Offshore Oil Corp. in its
first venture off the Chinese coast.
Singapore Petroleum will operate and own 100 percent of
Block 26/18 in the Pearl River Mouth Basin in the South China Sea,
while China National has the right to take a stake of as much as
51 percent should a discovery be made, the Singapore company said
today in a statement.
Read more at Bloomberg Energy News
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