BG Group strikes crude in first well off Chinese coast

first_img Tags: NULL KCS-content BG Group strikes crude in first well off Chinese coast by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalBetterBe20 Stunning Female AthletesBetterBeMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldGloriousaCouple Had Their Home Demolished Because Of ThisGloriousa OIL company BG Group has struck oil-bearing sands off the Chinese coast at its first attempt, the firm said yesterday. The firm will now test the find in the South China Sea to assess potential for oil production. If viable hydrocarbons are found, the Chinese state-run oil company CNOOC has the right to buy up to 51 per cent of the proceeds but will contribute to development costs. BG Group is due to complete a second well in the area near Hainan Island in the new year. Shares closed 1.3 per cent lower at 1,301p. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Wednesday 15 December 2010 8:05 pm whatsapp Show Comments ▼ whatsapp last_img

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