2010-05-20 China Daily
CNPC set to buy 35% stake in Shell's Syria unit
China National Petroleum Corp (CNPC) said on Wednesday it is
acquiring a 35 percent stake in Royal Dutch Shell Plc's oil
and gas unit in Syria, the latest move in its overseas expansion
to meet rising domestic demand.
The oil and gas producer will buy stake in Shell's fully owned
unit, the Syria Shell
Petroleum Development (SSPD).
The Syrian unit has interests in three production licenses
covering some 40 oilfields, in which Shell holds a
stake of 31.25 percent, CNPC said in a statement.
As an equity holder, Shell received 23,000 barrels of oil
equivalent per day in 2009, said the statement.
"The agreement strengthens the partnership between Shell and
CNPC. Both parties will look to continue growing and investing in
attractive opportunities in Syria's upstream industry," said
the statement.
Both CNPC and Shell did not disclose the worth of the deal.
According to a report by Bloomberg, it could be around $1.5
billion.
Analysts said the move would further boost CNPC's portfolio in
the Middle East, a strategically important area in the company's
overseas business.
"There is no doubt that the Middle East countries, which
have the largest oil reserves in the world, will play an
increasingly important role in domestic oil companies' overseas
development," said Dong Xiucheng, a professor at the China
University of Petroleum.
He expects the cooperation with foreign energy giants to reduce
risks in overseas deals.
CNPC has made overseas investments in oil and gas sectors in 29
countries by the end of 2009. The company's overseas projects and
technology services business have extended to 39 countries by the
end of last year, according to its 2009 corporate social
responsibility report released on Tuesday.
It now has presence in eight Middle East countries - Iran, Iraq, Saudi Arabia, United
Arab Emirates, Oman, Syria, Yemen and Qatar.
PetroChina inks Qatar LNG
deal
PetroChina Co, the country's largest oil and gas producer, has
signed an agreement with Royal Dutch Shell and Qatar
Petroleum to
explore for natural gas in the Middle Eastern country, part of
bid by domestic companies to expand to their gas portfolio.
Under a 30-year exploration and production sharing agreement, the
partners will jointly explore for natural gas in an area covering
8,089 square kilometers. Shell will hold a 75 percent stake in the project and PetroChina the
remaining 25 percent,
PetroChina said in a statement.
Shell and PetroChina will produce natural gas under Qatar
Petroleum's supervision. According to the agreement the Qatari
company will be the purchaser of any gas produced, said the
statement.
Qatar Deputy Prime Minister and Minister of Energy and Industry
Abdulla bin Hamad Al-Attiyah said that Shell is already a major
investor in the development of Qatar's proven gas resources. The
country welcomes PetroChina, a new investor in Qatar, he said.
Shell is developing significant volumes of Qatar's proven gas
resources through its two giant projects with Qatar Petroleum,
one gas-to-liquids project and one liquefied natural gas (LNG)
project.
Zhao Dong, chief financial officer of PetroChina International
Investment Co Ltd, said: "China is an important downstream
market and PetroChina is keen to build upstream partnerships with
major resource holders like Qatar."
Analysts said that the deal is in line with China's move to use
more natural gas, a clean energy, for the country's energy
consumption. China would need 200 billion cubic meters of natural
gas in 2015, doubling the 2008 level, said Liu Xiaoli, a senior
researcher at the energy research institute under the National
Development and Reform Commission.
The nation's annual demand for clean energy will grow to 300
billion cu m by 2020, according to Liu.
Statistics showed that between 2000 and 2008, China's annual
consumption of natural gas grew 16.2 percent on average, 9.7
percentage points higher than the annual growth rate for oil
consumption, or 6.6 percentage points higher than the annual
growth rate for coal consumption.
"Natural gas will play a vital role in China's energy
industry in the future," said Han Xiaoping, chief
information officer of domestic energy portal China5e.com, adding
that China should make additional reforms in the sector for
faster development.
China is now increasing its imports of natural gas both onshore
and offshore. Fu Chengyu, president of China National Offshore
Oil Corp (Cnooc) said earlier that the company had signed
long-term supply contracts with domestic and overseas partners
for 320 million tons of LNG, equivalent to importing 22 billion
cubic meters of LNG annually for 25 years.
The LNG business plays an important role in Cnooc's strategy of
developing clean, low-carbon energy, Fu added.
The company last year signed an agreement with Qatargas to buy
more LNG from the country to meet rising domestic demand.
イラン CNPC has been present in Iran
since 2004 and is engaged in oil and gas operations and oilfield services in the
country. MIS Oilfield
MIS oilfield is located in the central part of a fold-and-thrust
belt of the Zagros Mountain in the Persian Gulf, and has been
developed for many years. In May 2004, CNPC acquired the MIS
Oilfield and currently has a 75% holding in the project, while
NESCO owns the remaining 25%.
On August 20, 2007, CNPC received a notice from National Iranian
Oil Company (NIOC) that approved the Supplementary Agreement of
the Iran MIS project contract. This marked the beginning of the
term of the MIS project. Drilling of well V-1, the project's
first exploration well, started in November 2007.
Block 3
Block 3 (Kuhdasht Block) is located in the Zagros Basin, southern
Iran, covering an area of 8,309 square kilometers. In May 2005,
CNPC won the tender of Block 3 in Iran in the first round of
overseas bidding, which is an integrated exploration and
development project with a buy-back contract mode. In June 2005,
the project was formally launched when the contract officially came into
force. 2D seismic data acquisition was commenced thereafter.
In 2007, the Block-3 exploration project saw a daily test oil
output of 1,250 barrels from the first exploration well BAB-1.
Preliminarily confirming an oilfield with a massive reserve of
100 million metric tons, this well was recognized as a commercial
discovery well by NIOC. This was the first major discovery in the
16 exploration blocks opened to international bidding in
2003-2004.
In 2008, promising oil and gas evidence were
encountered in
multiple layers in key risk exploration well DB E-1.
BP連合は11月3日、イラク政府のState Oil Marketing Organisation と技術サービス契約に調印した。
コンソーシアムはBP
38%、CNPC 37%、イラク政府のState Oil Marketing Organisation が25%となった。
BP とCNPC は150億ドルを投資する計画。
2009/11/12 イラク、第一次油田開放で進展
ーーー
Halfaya（ハルファーヤ）
CNPC 50%
Petronas 25%
Total 25
2009/12/14 イラクの石油第二次入札で石油資源開発が落札
CNPC to build pipeline in UAE By Wan Zhihong
China National Petroleum Corp (CNPC) has inked a deal to build a $3.29 billion oil pipeline in the United Arab Emirates (UAE), the company's largest overseas construction project so far.
CNPC, the country's largest oil and gas producer, signed the agreement with its UAE partner on Sunday. It will build a 400-km pipeline to Fujairah port from an oilfield in the western part of the country, CNPC said in a statement on its website yesterday.
The pipeline, with a designed capacity of 1.5 million barrels per day and a maximum capacity of 1.8 million barrels per day, is expected to start operation at the end of 2010, it said.
CNPC has been operating in Oman since 2002 and now has oil and gas assets and interests in the country, while also providing oilfield services.
Oil and Gas Operations
CNPC took a 50% stake in Block 5 after signing a production
sharing agreement with Oman Oil Company SAOC (OOC) on April 26,
2002. The operator of this oil and gas exploration and
development project is a joint operating company founded by
CNODC, CNPC (Hong Kong) Limited and Oman MB Group.
The Daleel Oilfield in Block 5 has experienced over 40 years of
commercial production and has been resold several times. Daily
output of this block has increased from 4,300 barrels to 15,000
barrels by adopting multilateral horizontal well technology. An
all-time record daily output of 16,553 barrels was achieved on
August 9, 2005. A high-yield oil blowing with a
daily output of 1,850 barrels was obtained from Well Daleel-75 in
Block EF, which is the highest daily production per individual
well in the south of the Daleel Oilfield.
In 2006, progressive exploration and development was launched in
two major oilfields in Block 5 ― Daleel and Mezoon. Five
development wells were drilled at four major fault blocks in the
Mezoon Oilfield, and four of these have been put into production.
The daily output of the four multilateral horizontal wells each
reached 600-800 barrels at the initial stage. In 2006, a total of six appraisal wells for
progressive development were drilled in the Daleel Oilfield,
among which Well DL-105 drilled at the DE fault block was put
into production with a tested daily natural flow output of 800
barrels at the initial stage.
Oilfield Services
In Oman, CNPC provides a wide range of engineering and technical
services such as geophysical prospecting, well drilling, logging,
perforation and formation testing. In 2007, we had two
geophysical prospecting crews, four drilling (workover) rigs and
two logging and testing crews operating in the country.
On March 29, 2004, we won the tender of the 3D exploration
project from PDO for a period of 2 years. It is the fourth
seismic prospecting project operated by BGP in Oman since 2003
and is also the largest contract a Chinese company has obtained
in oilfield services in Oman.
In August 2005, CNPC entered into a contract with PDO on the
Lekhwair general drilling service project. As the overall
contractor, CNPC shall provide relevant engineering and technical
services to 232 wells of PDO for three years, including drilling,
logging, directional drilling, casing running, cementing and acid
pickling. The project was formally launched in early 2006.
In 2007, CNPC signed the first tri-component time-shift seismic
prospecting contract with OXY Oman Inc.