SOURCE: Industrial Info Resources

December 01, 2008 07:00 ET

CNOOC to Invest $29.4 Billion Over 10 Years to Exploit Oil and Gas in South China Sea, an Industrial Info News Alert

BEIJING--(Marketwire - December 1, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- CNOOC Limited (NYSE:CEO) (Beijing), a flagship of China National Offshore Oil Corporation (Beijing), will invest about $29.4 billion to exploit oil and gas in the South China Sea. Investors in the project include Devon Energy Corporation (NYSE:DVN) (Oklahoma City, Oklahoma), Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) and the BG Group (LSE:BG) (Berkshire, United Kingdom).

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