Wednesday, 26 September 2012

China hones new pitch for Abu Dhabi oil - The National

Western oil majors have perfected a pitch when it comes to keeping their place in Abu Dhabi concessions, vouching for their technology and expertise that, it is implied, newcomers lack.

Now with a little more than a year to go until a prized concession expires, the biggest newcomer of all - China - is responding with a similar narrative.
Take, for example, China National Petroleum Corporation (CNPC), which submitted prequalification papers to bid in Abu Dhabi's biggest concession and is also studying prospects for seven undeveloped blocks.

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