Hong Kong - China Oilfield Services Ltd., a unit of the nation's third-biggest oil producer, plans to offer $2.5 billion for Norwegian oil and gas drilling contractor Awilco Offshore ASA, said two people familiar with the matter.
The cash bid values Awilco at 81 percent more than its market value.
(Snip) China Oilfield is targeting acquisitions of overseas petroleum drillers as the world's second-biggest energy- consuming nation searches for oil and gas beneath its coastal waters...
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Wednesday, August 6, 2008
China Oilfield Plans $2.5 Billion Offer for Awilco
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