re: china Petsecs fund raising covers 5 projects which include development of a new field, 2-3 GOM programmes, 9 wells on a company maker project and the 2-4 wells at Beibu Gulf.
It has been assumed for a long time that the Chinese government would exercise its right to take 51% of the project therefore halving the shares of the jv partners inc ROC, PSA, FAR, and HZN.
re: china Petsecs fund raising covers 5 projects which include...
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