China National Offshore Oil: BP to draw lessons to improve safety standards

China National Offshore Oil Corporation (CNOOC Ltd., CEO, referred to as: CNOOC) said yesterday, as British Petroleum (BP PLC, BP) in the Gulf of Mexico drilling platform accident occurred, the company plans to raise safety standards. The company also said it expects that the accident would result in industry exploration costs.

Measured by production, China National Offshore Oil is China's largest offshore oil and gas producers.

In addition, CNOOC chairman Fu Chengyu, declined to comment on whether to bid for the rights of a Brazilian offshore oil field comment.

Prior to two people familiar with Dow Jones Newswires (Dow Jones Newswires) disclosed that China National Offshore Oil Corporation and Sinochem of China (Sinochem Corp.) Respectively Statoil (Statoil ASA, STO) For the sale of large offshore oil field Peregrino in Brazil 40% of the issued equity offer.