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CNPC and Rimbunan Hijau signs deal on Block 1 of Fuyu


Published Nov 15, 2007
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CNPC and Rimbunan Hijau signs deal on Block 1 of Fuyu

On November 12, CNPC signed a contract in Beijing with Kingworld Resources Ltd., a subsidiary of Rimbunan Hijau Group from Malaysia, on the cooperative development and production of hydrocarbon resources at Block 1 of Fuyu in the Songliao Basin.

The newly signed contract area is located in Jilin Province, covering an area of 254.9 square kilometers. The difficult-to-produce heavy oil reserves in the block are expected to be recovered by introducing advanced technologies from abroad.

Tags: CNPC, Kingworld Resources Ltd., Rimbunan Hijau Group



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