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Stock Market & Financial Investment News

News Breaks
November 28, 2012
07:08 EDTCEO, NXYCNOOC, Nexen resubmit merger application to U.S., WSJ reports
Cnooc (CEO) and Nexen (NXY) resubmitted their application for review by the U.S. government of Cnooc's $15.1B takeover deal, reports the Wall Street Journal.Reference Link
News For CEO;NXY From The Last 14 Days
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November 19, 2014
05:42 EDTCEOCNOOC makes mid-sized new discovery in Eastern South China Sea
CNOOC announced that the company made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea. The Lufeng14-4 structure is located in Lufeng Sag in the Pearl River Mouth Basin of the South China Sea with an average water depth of 145 meters. The discovery well Lufeng14-4-1 was drilled and completed at a depth of 4,098 meters and encountered oil pay zones with a total thickness of approximately 150 meters. The oil production of the well tested around 1,320 barrels per day. The successful exploration of Lufeng14-4 demonstrated the company's remarkable breakthrough in the exploration area of the Paleogene SystemCand further proved the huge exploration potential of the Paleogene System in the Pearl River Mouth Basin.

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