CNOOC Ltd. Established Joint Venture With Bridas Energy Holdings
By Frontier India Strategic & Defence | March 14th, 2010 | Category: Latest, Petroleum Companies | No Comments »CNOOC Limited announced today that the Company proposes to form a 50%/50% joint venture with Bridas Energy Holdings Ltd in Bridas Corporation for a consideration of approximately USD3.1 billion in cash. In this connection, CNOOC International Limited, a wholly owned subsidiary of the Company, entered into the relevant transaction documents with BEH on 13 March [...]