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February 26, 2013
06:22 EDTNXY, CEOCNOOC completes acquisition of Nexen
Pursuant to the plan of arrangement holders of Nexen (NXY) common shares will receive cash proceeds of $27.50, without interest, and holders of Nexen preferred shares will receive cash proceeds of C$26.00, plus accrued and unpaid dividends up to, but excluding, the closing date of the Arrangement, without interest. Kevin Reinhart will continue as CEO of Nexen and will maintain responsibility for all of Nexen's operations. The company's Calgary headquarters will continue to be responsible for managing all of Nexen's existing assets as well as CNOOC Limited's (CEO) North and Central American assets.
News For CEO;NXY From The Last 14 Days
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November 24, 2014
05:20 EDTCEOCNOOC commenced production at joint development project
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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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