China's CNOOC and CGN to Cooperate on Offshore Oil, Nuclear Power
BEIJING, Jan 15 (Reuters) - Two Chinese state-owned energy companies have signed a strategic cooperation framework agreement on offshore oil and nuclear power.
China National Offshore Oil Corporation (CNOOC) and China General Nuclear Power Corporation (CGN) have agreed to "promote the organic fusion of the offshore oil industry and the nuclear power industry", CNOOC, parent of CNOOC Ltd, said on its microblog on Friday, without disclosing any more details.
A CNOOC spokesman was not immediately able to comment further.
CGN has been developing for maritime use a small modular nuclear reactor called the ACPR50S, which would be able to provide power to offshore oil and gas exploration and production.
It expects to begin constructing a demonstration project in 2017, according to a statement on its website.
(Reporting By Adam Rose; Editing by Muralikumar Anantharaman)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Uganda Expects to Miss Target for First Oil (Sep 24)
- Uganda's National Oil Firm, China's CNOOC Sign Exploration Deal (Sep 06)
- Hammerhead-1 Strikes Offshore Guyana (Aug 30)