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CNOOC chief: Nexen deal will give driller new momentum

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-03-23 07:51

Offshore driller CNOOC Ltd said its Nexen Inc purchase has received "extremely positive" feedback from both companies' workers and management.

The State-owned oil and gas company completed its $15.1 billion takeover of the Canadian oil and gas company late last month, in the largest overseas acquisition by a Chinese company.

The deal took over a year to complete, as regulators in the US and Canada reviewed whether the acquisition violated their national interests and safety - concerns fueled by CNOOC's State ownership.

CNOOC chief: Nexen deal will give driller new momentum

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