China Oil Buys LatAm Beachhead

Mar 15, 2010

CNOOC, China’s largest offshore crude oil and natural gas producer, is to pay approximately $3.1bn cash for a 50% stake in a joint venture with Bridas Energy Holdings (BEH). Bridas, through affiliates including a 40% interest in Pan American Energy, has oil and gas exploration and production activities in Argentina, Bolivia and Chile. “Bridas, with...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote