The Chinese National Petroleum Corp. and partners Total and Petronas beat out three other contenders for the giant field, which it was awarded by offering to produce oil at 535,000 barrels per day (bpd) for at least 13 years at $1.40 per barrel profit.
CNPC has a 50 percent with Total and Petronas each at 25 percent.
Eni (30 percent) with partners Occidental (20 percent), Kogas (20 percent), CNOOC (15 percent) and Sonangol (15 percent) offered to do it for $12.90 per barrel and bring produ...
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