PetroChina gets interest in Poseidon discovery offshore Australia

ConocoPhillips (NYSE: COP) has entered into a set of agreements with PetroChina Co. Ltd. that gives PetroChina a 20% working interest in the Poseidon discovery offshore Australia.

Offshore staff

HOUSTON –ConocoPhillips (NYSE: COP) has entered into a set of agreements with PetroChina Co. Ltd. that gives PetroChina a 20% working interest in the Poseidon discovery offshore Australia.

The agreements also get PetroChina 29% of the onshore Goldwyer Shale in Canning basin and establishes a joint venture to explore for unconventional resources in the Neijiang-Dazu block of China’s Sichuan basin.

2/21/2013

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