CNOOC, Shell ink agreement on global strategic partnership

China National Offshore Oil Corp.

China National Offshore Oil Corp. (CNOOC) and Royal Dutch Shell plc have signed a global strategic alliance agreement that reconfirms both parties' commitment to the existing strategic partnership in China and around the world. Under the agreement, the companies also commit to exploring potential cooperation opportunities in upstream, midstream, and downstream.

CNOOC and Shell have enjoyed a partnership in and outside China in both upstream and downstream projects including offshore Yinggehai off Hainan Island and a successful petrochemicals joint venture in Huizhou, Guangdong province. The parties are also working together in liquefied natural gas (LNG) projects and upstream deepwater projects including in Gabon and Brazil, among others.



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