Primeline Energy Holdings Inc V.PEH.H

Energy Oil & Gas E&P

Primeline Energy Holdings Inc. (Primeline) is a Hong Kong-based company engaged in the exploration of oil and gas properties located in China. The Company owns exploration and development rights in the East China Sea pursuant to two Petroleum Contracts, one in relation to Block 25/34 (Petroleum Contract 25/34) and one in relation to Block 33/07 (Petroleum Contract 33/07). The Company has approximately 36.75% interest in the producing LS36-1 gas field in Block 25/34 which comprises an offshore area of approximately 84.7 square kilometers. Primeline is the operator of the Petroleum Contract with China National Offshore Oil Corporation (CNOOC) for Block 33/07. Block 33/07 covers an offshore area of approximately 5,877 square kilometers (1.45 million acres), enclosing Block 25/34. The Company's subsidiaries include Primeline Energy China Limited (PECL) and Primeline Energy Operations International Limited (PEOIL).

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Primeline Energy Holdings Inc

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Post by EVAN963on Nov 15, 2016 2:39pm

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Post# 25464348

arbitration should be resolved within six months

A tender notice of LS 36-1 offshore platform compressor project installation servicesrelease date Nov 11, 2016. In addition, as the CNOOC Arbitration procedure, regular foreign-related arbitration case should be made a decision within six months. Primeline gave formal notice of its intention to commence arbitration proceedings against CNOOC Group on June 9th, 2016.

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