CNOOC Limited Completed Acquisition of OPTI
Mr. Li Fanrong, newly appointed Chief Executive Officer of the company commented, "Closing of this acquisition demonstrates that the company has further stepped into the oil sands business, which has become one of the important assets to the company's global portfolio. Through partnership with Nexen, the company expects to fully exploit the growth potential of the Long Lake Project and the three other jointly owned oil sands leases. We believe that the project will contribute to the company's mid to long term reserve and production growth."
The company's financial advisors are BMO Capital Markets and CIBC World Markets. The company's legal advisor is Gowling Lafleur Henderson LLP.
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