CNOOC sub China United Coalbed Methane Corp. and UK-listed coalbed methane producer Green Dragon Gas have signed an agreement altering their JV terms in three production sharing contracts out of the five the partners operate in China.Under the terms of the agreement, Green Dragon's stake in the Shizhuang South block is increasing by 10% to 70% following the completion of $13 million in cost recovery by CNOOC. The cost recovery for each company from......
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