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By News Wires
23 December 2009 01:40 GMT
Baghad has signed a preliminary contract with a China National Petroleum Corporation (CNPC)-led consortium for the development of the Halfaya oilfield.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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