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Page added on March 30, 2007

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CNOOC Chief Mum on Gas Field in Disputed Water

The head of China’s largest offshore oil producer China National Offshore Oil Corp. on Thursday declined to comment on production at the Chunxiao gas field in the East China Sea where China and Japan are in dispute over resource exploration rights.


Chairman and Chief Executive Officer Fu Chengyu refused to confirm or deny that production at the Chunxiao gas field has started.


“The issue is too sensitive for me to say,” Fu said when the CNOOC announced its 2006 business results. CNOOC is listed on the Hong Kong stock exchange.


Fu, however, said that with Japanese Prime Minister Shinzo Abe’s visit to China last year, the chances for Sino-Japan cooperation in the development of the gas field are higher.

Kyodo News International



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