Hess, PetroChina sign joint oil-exploration deal

09/27/2010 | Washington Post, The

Hess forged a joint venture deal with PetroChina to drill for oil in the Asian country. The companies will explore the Daqing oilfield, an area that has comparable features to North Dakota's Bakken Shale, said Jay Wilson, a spokesman for Hess. "We're looking to leverage our Bakken experience and capability to grow our unconventional-resource base globally," Wilson said.

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