KAOHSIUNG CEREMONY: CPC Corp, Taiwan has what it takes to independently explore and develop fossil fuel resources abroad, the chairman of the state-run company said
Date: Dec 02, 2020
By: Angelica Oung / Staff reporter
The fanfare was to celebrate a successful end of a long and uncertain journey by the state-run company to develop its own oil fields.
CPC in 2006 secured the rights to explore the Oryx Oilfield from the government of Chad, and struck oil three years later.
In 2017, it signed a 25-year license to develop the field. [FULL STORY]