China’s CNOOC in no hurry to exit North Sea, but open to attractive offers

China’s state-run CNOOC is open to discussions with potential buyers interested in taking over its oilfields in the UK’s North Sea, but the offshore giant is not in a rush to exit the region and any sale would depend on an attractive valuation for its shareholders, company CFO Xi Weizhi said Oct. 27. Xie added that while CNOOC had received…