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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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