Primeline Energy declares insolvency due to CNOOC debt

China-focused independent unable to pay $30 million due to tight cash flow

Producing asset: the Lishui 36-1 gas field in the East China Sea came on stream in 2014 — Producing asset: the Lishui 36-1 gas field in the East China Sea came on stream in 2014Photo: PRIMELINE

Xu Yihe

Singapore

China National Offshore Oil Corp East China Sea Primeline Lishui 36-1 North America

Published 22 June 2020, 09:22Updated 23 June 2020, 07:08