View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
May 20, 2010

CNPC Acquires Stake in Syria Shell

China National Petroleum Corp has acquired a 35% stake in Syria Shell Petroleum Development (SSPD) as part of its bid to secure energy future sources. SSPD, which is fully owned by Shell, has interests in three production licences including Deir ez-Zor, Fourth Annex and Ash Sham, op

By cms admin

China National Petroleum Corp has acquired a 35% stake in Syria Shell Petroleum Development (SSPD) as part of its bid to secure energy future sources.

SSPD, which is fully owned by Shell, has interests in three production licences including Deir ez-Zor, Fourth Annex and Ash Sham, operated by Al Furat Petroleum.

The licences cover about 40 oilfields. Shell’s share of production from the fields in 2009 was 23,000 barrels of oil equivalent per day.

China has been aggressively acquiring overseas oil production contracts in an attempt to meet surging energy demand at home.

Syria has estimated gas reserves of 284 billion cubic metres.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology