OPERATIONS

BP signs over Yacheng 13-1 to CNOOC

Energy giant BP Plc has relinquished its hold over the Yacheng 13-1 offshore gas field to China's...

Discovered in 1983, Yacheng is China's largest offshore gas field and it supplies 3.4 billion cubic metres of gas per annum - via offshore pipelines - to both Hong Kong and mainland China's Hainan province.

BP has been the operator of Yacheng 13-1 for the past eight years.

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