CNOOC Announces 35-Year Production Sharing Contract to Develop Libra Field in Brazil
October 22, 2013 at 06:01 AM EDT
CNOOC Limited (NYSE: CEO ) announced that the Company, as part of a consortium comprised of Petrobras, Shell, Total and CNPC, has been awarded a 35-year production sharing contract to develop the Libra pre-salt oil discovery in the Santos Basin, offshore Brazil. The Company holds 10% percent in the