Norway oil piques CNOOC’s curiosity

CNOOC’s subsidiary Nexen has inquired about the price of seismic 2D data for Barents sea sectors to be licensed in 2016, says Bloomberg. The data are being sold by the Norwegian Petroleum Directorate.

Norwegian newspaper Dagens Næringsliv already calls this China ‘hunting for Norwegian oil’.

Another CNOOC subsidiary, COSL or China Oilfield Services (中海油服), has been operating rigs in Norway for quite some time. A $150m lawsuit their brought against Statoil, which I wrote about one year ago, was settled last June for less than half that money.

Meanwhile in Iceland, CNOOC’s partner Eykon are saying they might start acquiring seismic data next summer in the sector they own a license for, in the Jan Mayen area.

Last year I wrote a background article on CNOOC in Iceland and elsewhere. By not reading it, you’re missing out on plenty of CNOOC trivia you could enliven dinner parties with this weekend.

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CNOOC subsidiary sues Statoil

CNOOC subsidiary China Oilfield Services (COSL, 中海油田服务股份有限公司) is suing Statoil for nearly $150m in standby fees related to two COSL rigs operating for the Norwegian state-owned oil company (Upstream Online). The rigs are said to continue to operate normally.