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China rejects CNOOC-Exoma deal

State-owned China Offshore Oil Company (CNOOC) is no longer proceeding with a farm-in deal in the Australian state of Queensland after it was unable to obtain approval from the Chinese government, Australia-listed Exoma Energy said.

Queensland: Exoma Energy drilling in the Galilee basin, where CNOOC had hoped to increase its interest under a September farm-in deal
Queensland: Exoma Energy drilling in the Galilee basin, where CNOOC had hoped to increase its interest under a September farm-in deal
Published 2 January 2013, 05:41Updated 2 January 2013, 05:41
Asia & Oceania