CNPC and CUPET ink cooperation agreements

CNPC and CUPET ink cooperation agreements

2014/7/25 10:56



On July 22 in Havana, Capital of Cuba, in the presence of Chinese

President Xi Jinping and Cuban President Raul Castro, CNPC Vice

President Wang Dongjin and General Director of CUPET Juan Torres Naranjo

signed a framework agreement on increasing crude output and production

sharing, and a cooperation agreement on drilling services.



Under the agreements, CNPC will help CUPET to lower operation cost of

some existing oilfields and enhance the crude production and recovery,

and meanwhile provide 9,000m drilling rigs and supporting services to

facilitate the exploration and development of Cuba's offshore oilfields.



Source: CNPC and CUPET ink cooperation agreements -

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