PHILLIPS, PECTEN TO DEVELOP FIELDS OFF CHINA

Two more fields are to be developed in the South China Sea off China under an agreement between the government and units of Phillips Petroleum Co. and Shell Oil Go. affiliate Pecten International Co. Under a supplemental development agreement with China National Offshore Oil Corp. (Cnooc), operator Phillips Petroleum International Corp. Asia and Pecten Orient Co. will develop Xijiang 30-2 oil field, a 1988 discovery in the Pearl River Mouth basin.

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