The Big 3 in China, initially set-up to be specialized in different O&G sectors but now

compete in all areas from head to toe.

CNOOC CNPC Sinopec

• China National • China National • Refining and

offshore oil Petroleum marketing.
corporation Corporation • DOWNSTREAM
• OFFSHORE now
PetroChina
• ONSHORE

COSL (china oilfield services Talisman Energy UK OVL pushed

limited) is a subsidiary of
Chinese state owned company announced Sinopec has for Imperial
CNOOC Group. Increasing North invested $1.5 billion in a energy assets
CNOOC acquired NEXEN to Sea presence by 49 percent stake of in North sea
operate in North Sea. Done some both in last 7 years Talisman's North Sea at this same
wells for them too there.
properties time
Services – STARTED with RIGS
like Transocean
specifically involves

well site survey,

drilling platform towing,
drilling,
drilling and completion fluid,
logging, BANGLADESH
directional well,
cementing,
stimulation ,
Testing,
coring,
ROV,
salvage,
material delivery, BASICALLY
platform guarding,
oil spill response,
waste disposal, Backed by CNOOC, majorly involved in rig and
helicopters, contract operations in Asia.
medical and catering services.

NOW THEY CLAIM THEY DO

EVERYTHING!
in Bangladesh
China's Sinopec Shengli has agreed to sell natural gas from four
onshore fields it is developing in Bangladesh at $2.70/Mcf after
initially seeking$3.60/Mcf, Bangladesh Petroleum Exploration
and Production Company Ltd. Or Bapex managing director
Mortuza Ahmad Faruque said Friday.

State-owned Sinopec has concluded negotiations to develop

four onshore fields in Bangladesh's Chittagong region under a
70:30 joint venture with Bapex, Faruque said. The JV
agreement would be inked soon, he added.

THIS IS HOW THEY ENTERTED IN 2013

THIS BLOCK HAS PREVIOUS HISTORY of operators not drilling

any wells. “government took back the blocks in 2006 after
Ocean failed todrill any wells in seven years”
 SS-04
in Bangladesh
Based on G&G study of old vintage seismic data a drillable location
(Kanchan-1, TD:4200m) was identified and released in onshore area of
the block. Construction of Approach road has been completed. Drill site
preparation is in progress. Drilling of well Kanchan-1 is expected to
start shortly. Additionally, based on in-house interpretation of newly
acquired OBC Seismic (guess this is ocean bottom cable)

one another drillable location (Titli1X,TD:4500m) was identified. Joint

Review Committee (JRC) also technically agreed for the location (TD:
4500m) in Block SS 04. Pre-drilling preparations for well Titli-1X are in
progress.

OVL India: Blocks SS-04 & SS-09. Submitted drilling proposal to

Petrobangla for it’s 1st exploration well, Kanchana # 1 on Moheshkhali
island, approved by Petrobangla.  OVL is now negotiating with
SINOPEC, China to finalise a drilling contract.
ONGC Videsh wins more time at pair of Bangladesh offshore
blocks
Production sharing contracts for SS-04 and SS-09 exploration blocks
Bangladesh Off-shore:
extended out to 2023
OVL India – Operating in blocks SS-04 (wildcat stage) & SS-09 (seismic acquisition stage)
Santos Australia –  Operating in Block SS-04 (Ring fenced area)
ONGC Videsh wins more time at pair of Bangladesh offshore blocks

Production sharing contracts for SS-04 and SS-09 exploration blocks extended out to 2023