Hess, PetroChina to Explore Oil Formations in China
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Hess Corp., the fifth-biggest U.S. oil company, will explore for crude in China in cooperation with that nation’s largest oil company, PetroChina Co.
Hess and PetroChina will work with dense rock in the Daqing oil field, a formation that’s similar to the Bakken basin in North Dakota, where Hess is already exploring, Jay Wilson, a Hess spokesman, said by telephone today.