Shell, CNOOC Sign Global Pact
18 June 2014 - 6:40PM
Dow Jones News
LONDON--Royal Dutch Shell PLC (RDSA.LN) and China National
Offshore Oil Corporation announced late Tuesday that they have
signed a global strategic alliance agreement that reconfirms both
parties' commitment to the existing strategic partnership in China
and around the world.
Under the agreement, the companies will commit to exploring
potential cooperation opportunities in upstream, midstream and
downstream, they said in a joint statement.
Shell and CNOOC have enjoyed an excellent partnership in and
outside China in both upstream and downstream projects including
offshore Yinggehai off Hainan Island and a successful
petrochemicals joint venture in Huizhou, Guangdong province.
The parties are also working together in liquefied natural gas
projects and upstream deepwater projects including in Gabon and
Brazil among others.
-Write to Ian Walker at ian.walker@wsj.com
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