23 April 2024
BP gets South China Sea deepwater approval
Publication date: 16 February 2012
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BP said on Wednesday it had received Chinese government approval to take a 40.8% stake in the exploration phase at the 43/11 deepwater gas block in the South China Sea, and a visual_editor0% stake in any development and production phase. US independent Anadarko also has a stake in the block, while China’s CNOOC remains the operator.