BP: Arctic Ocean may have a 200 billion barrels of oil and gas resources

September 2 in London, Europe's No. 2 oil company British Petroleum, said here today that the company estimates that the Arctic Ocean may have about 200 billion barrels of oil equivalent of oil and gas resources, this figure accounts for the global oil and gas reserves to be found in 25% to 50%.

British Petroleum is responsible for exploration operations director Mike Daly, September 2 In an interview with Horizon's in-house magazine interview, said that this is a huge unexplored areas. British Petroleum nowadays are Russia, Canada and the United States outside of Alaska at the Arctic Sea oil and gas exploration operations.

According to Daley said, the British Petroleum nowadays with the Russian oil giant Rosneft's cooperation in the Russian Far East and Arctic exploration for oil and natural gas. In January of this year, British Petroleum employs the world's largest seismic company CGGVeritas in Canada, outside of the northern coast of the Beaufort Sea exploration operations.

British Petroleum recently constructed in the U.S. Gulf of Mexico Tiber has discovered an estimated 3 billion barrels of oil reserves, oil fields. It is reported that British Petroleum is currently the amount of exploration work in 40% of the Gulf of Mexico, Angola and Egypt.

Sep. 4, 2009

SINOCHEM Group plans 400 million pounds acquisition of British Gulfsands Petroleum

LONDON, United Kingdom August 30 Daily Mail reported that the London Stock Exchange listed oil and gas exploration company Gulfsands Petroleum is talking to Chinese state-owned SINOCHEM Group in talks to buy.

Daily Mail quoted a source close to the negotiations on the news provider as saying that the British Gulfsands Petroleum will be in a few weeks to make the tender decision. China SINOCHEM Group plans to invest 400 million pounds (651.4 million U.S. dollars) to acquire Gulfsands Petroleum Gulfsands Petroleum shares in this offer than the August 28 closing price of 230 pence per share higher than 42%.

As Khuebet East oil fields in Syria, the success of exploration activities, Gulfsands Petroleum's shares from the beginning of the year when the 130 pence per share climbing. August Earlier, SINOCHEM Group agreed to buy 532 million pounds of British Emerald Energy, which is the United Kingdom Gulfsands Petroleum in Syria, a joint venture partner.

Sep. 1, 2009