Cnooc Starts Its First China Shale-Gas Exploration Project
This article is for subscribers only.
Cnooc Ltd., China’s biggest offshore energy producer, started drilling at its first shale-gas project in the country, joining rivals including China Petroleum & Chemical Corp. in the search for unconventional natural gas.
Exploration started Dec. 29 in the eastern Anhui province, China National Offshore Oil Corp., Cnooc’s parent, said in a statement on its website yesterday. The shale-gas project is also the Hong Kong-listed unit’s first onshore venture, it said.