On June 11th, 2014, CPPG’s visiting delegation headed by Chairman, Mr. Xie Qiliang, is invited to meet with the top management team of CPP, discussing the co-development and exploration of 2000 sq km oil field in Albert, Canada owned by CPPG.Attendees of CPP included Director, Zhao Yujian, Vice Director and Head of International Business Department Chen Qingxun, Assistant to Director Ge Yueguang, as well as other relevant staff.
On the meeting, Mr. Xie Qiliang made a presentation of the said target oil field, including development plan, program implementation, preparations and so forth. Director Zhao, on behalf of CPP, extended his warm welcome and appreciation to CPPG’s visit. The bright prospect of the target oilfield attracted CPP’s great interest on the cooperation and co-development between the two parties. After negotiation, CPP and CPPG determined to joint explore and develop the target oil field by bring their respective advantages into the project whereby the two parties will not only realize mutually beneficial win-win cooperation but contribute to guarantee energy supply for Chinese market.
Finally, CPPG’s Vice President Mr. Lin Songqiu and CPP’s Vice Director Mr. Chen Qingxun respectively on behalf of the two sides signed strategic cooperation agreement pertaining to the Albert oil field development project.
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