Many oilfields in Bohai Bay are experiencing output declines of 5-10 per cent a year. Photo: Xinhua

Brightoil to buy oilfield stakes for HK$8.35 billion

Struggling petroleum firm agrees to buy mature oilfields in bid to move upstream

Topic |   CNOOC

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Many oilfields in Bohai Bay are experiencing output declines of 5-10 per cent a year. Photo: Xinhua
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