Wednesday, May 13, 2009

Total oil is expected to join hands with China to develop gas field

By Zou himfr

A couple of days before, the world's fourth biggest oil and gas business Total broadcast that it is very expected the end of the year with the China National Petroleum Corporation (CNPC) to set up a junction project, formally commenced the Chinese natural gas development projects.

Total Ma Zhe, CEO of Core said: "The president very much in support of oil companies to set up a joint venture, before the end of the joint venture should be able to formally set up."

Total and China National Petroleum Corporation in 2006 on the Sulige gas field exploration and development signed a production agreement. Sulige gas field is located in the territory of Inner Mongolia, an area of 2390 square kilometers.

The total of oil has been lately submitted to a comprehensive development plan.

Prior to this, and in addition in the oil financial gathering Royal Dutch Shell to deduce long-North gas paddock in Inner Mongolia, with the Chevron Corporation of the northeastern Sichuan Sichuan gas obstruct development of a co-operative. - 2364

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