Arab Today, arab today sinopec completes chesapeake deal
Last Updated : GMT 12:22:29
Arab Today, arab today
Arab Today, arab today

Sinopec completes Chesapeake deal

Arab Today, arab today

Arab Today, arab today Sinopec completes Chesapeake deal

Beijing - XINHUA

China Petrochemical Corporation (Sinopec) said on Saturday that it has completed the purchase of 50 percent of Chesapeake\'s share in its Mississippi Lime assets for 1.02 billion U.S. dollars. Chesapeake is the second-largest natural gas developer in the United States and its Mississippi Lime oil and natural gas assets are in northern Oklahoma. Sinopec signed the agreement with Chesapeake on Feb. 23 through its wholly-owned subsidiary Sinopec International Petroleum Exploration and Production Corporation. The deal means Sinopec acquires 425,000 acres (171,991 hectares) in the Mississippi Lime shale formation, with estimated proven and probable (2P) oil equivalent of 245 million barrels. Sinopec bought one-third of the Devon Energy Corporation\'s gas reserves for 2.5 billion U.S.dollars in 2012. Limestone gas, along with shale gas and coalbed methane, is considered to be a source of unconventional gas.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sinopec completes chesapeake deal Arab Today, arab today sinopec completes chesapeake deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sinopec completes chesapeake deal Arab Today, arab today sinopec completes chesapeake deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday