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The Chinese company said that Addax's offshore deep-water exploration projects were especially promising for its growth and development.
BP and the China National Offshore Oil Corporation agreed a deal on deep-water exploration in the South China Sea.
Norsk Hydro, Norway's largest publicly traded company, is selling the assets to focus on Angola and other promising deep-water exploration areas.
Give investors a new vision The company was the biggest in US deep-water exploration and production but its future there as an operator remains in doubt.
"Plaquemines", it said boosterishly, "is positioning itself to become a premier support area for deep-water exploration in the eastern Gulf".
The Chancellor, George Osborne, is thought likely to review the tax arrangements for offshore drilling after canvassing the multinationals before the election on how best to promote further deep-water exploration and reduce Britain's reliance on imports.
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"This dual mode keeps the submarine smaller and lighter: It can be a two-person craft for deep water exploration and at the same time be a three-person craft for fun leisure in shallow waters".
LRP reservoir was first discovered in a sandstone reservoir within the Gulf of Mexico (Boyd et al. 1995) and has progressively been at the frontline of several industrial projects that involves deep water exploration and brown-field development.
Is anyone shutting down fracking, drilling, open pit mining, deep water exploration?
This further helps to understand the deep-water hydrocarbon exploration potential along the Indian margins.
He returned with a contract for three deep-water gas exploration projects for the Indian-owned Oil and Natural Gas Corporation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com