May 11, 2009

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

A few days ago, the world’s fourth largest oil and gas company Total announced that it is very likely the end of the year with the China National Petroleum Corporation (CNPC) to set up a joint venture, officially launched 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 paddock search and development noted a goods produced agreement. Sulige gas paddock is found in the territory of Inner Mongolia, an environs of 2390 quadrangle kilometers.

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

Prior to this, and also in the oil company Royal Dutch Shell to develop long-North gas field in Inner Mongolia, with the Chevron Corporation of the northeastern Sichuan Sichuan gas block development of a co-operative.

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