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re beibu gulf cnooc farm in No its myunderstanding that CNOOC...

  1. 1,317 Posts.
    re beibu gulf cnooc farm in No its myunderstanding that CNOOC would not have to pay anything up front. It is usual in these situations that the farminee foregoes their portion of production until their share of exploration and development costs are paid to the other JV partners.
 
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