{"id":461354,"date":"2018-07-20T12:00:47","date_gmt":"2018-07-20T11:00:47","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461354"},"modified":"2018-07-20T12:00:47","modified_gmt":"2018-07-20T11:00:47","slug":"nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/20\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\/","title":{"rendered":"Nigeria: Chinese CNOOC announces new investments in its oil and gas assets"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The China National Offshore Oil Corporation (CNOOC) plans to inject an additional $ 3 billion into its offshore oil and gas operations in Nigeria, according to an announcement last week by the Nigerian National Petroleum Corporation (NNPC) after a meeting between the heads of the two entities.<br \/>\nAccording to the CEO of Chinese oil company Yuan Guangyu, &#8220;this investment is a strategic option&#8221;.<br \/>\nFor his part, Ndu Ughamadu, General Manager of the Group and the Public Affairs Division of NNPC, the Chinese group had already invested more than $ 14 billion in its Nigerian operations.<br \/>\nAs a reminder, CNOOC was founded in 1982 and is one of the three major Chinese national oil entities. Present since 2006 in West Africa, it focuses on offshore exploration and production, and is oriented towards onshore exploration and production.<br \/>\nNote that Cnooc operates in the OML 130 offshore block with a 45% stake, alongside South African Sapetro (15%), Brazil&#8217;s Petrobras (16%) and the French multinational Total (24%). .<br \/>\nIt also holds a 20% stake in Block OML 138, which houses the Usan oil field off the coast of Nigeria, through its subsidiary Nexen Petroleum Nigeria Limited. In this block, we find American Chevron (30%), Esso E &amp; P Nigeria, a subsidiary of the American company ExxonMobil (30%) and Chinese Sinopec (20%).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The China National Offshore Oil Corporation (CNOOC) plans to inject an additional $ 3 billion into its offshore oil and gas operations in Nigeria, according to an announcement last week by the Nigerian National Petroleum Corporation (NNPC) after a meeting between the heads of the two entities. According to the CEO of Chinese oil company<\/p>\n","protected":false},"author":533179,"featured_media":461358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12028],"tags":[2120,38,14738],"class_list":["post-461354","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","category-energy","tag-cnooc","tag-nigeria","tag-oil","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Chinese CNOOC announces new investments in its oil and gas assets - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/07\/20\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria: Chinese CNOOC announces new investments in its oil and gas assets\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/07\/20\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-20T11:00:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/07\/cnooc-627x392.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"627\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"Nigeria: Chinese CNOOC announces new investments in its oil and gas assets\",\"datePublished\":\"2018-07-20T11:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/\"},\"wordCount\":213,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/cnooc-627x392.jpg\",\"keywords\":[\"CNOOC\",\"Nigeria\",\"Oil\"],\"articleSection\":[\"Banks &amp; Insurance\",\"Energy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/\",\"name\":\"Nigeria: Chinese CNOOC announces new investments in its oil and gas assets - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/07\\\/20\\\/nigeria-chinese-cnooc-announces-new-investments-in-its-oil-and-gas-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/cnooc-627x392.jpg\",\"datePublished\":\"2018-07-20T11:00:47+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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