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Stibbe advises China National Petroleum Company

Stibbe advises China National Petroleum Company

Stibbe advises China National Petroleum Company

02.06.2010 NL law

Advising China National Petroleum Corporation (CNPC) on its acquisition of a 35% interest in Syria Shell Petroleum Development (SSPD), currently 100% owned by Shell.

SSPD has interests in three production licences including Deir-Ez-Zor, Fourth Annex and Ash Sham that are operated by the Al Furat Petroleum Company (AFPC) (Shell interest 31.25%). The licences cover some 40 oil fields,production in 2009 was 23 thousand boe/d (Shell share).

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