Husky, CPC Join To Explore Taiwan Energy Opportunities

Law360, New York (December 18, 2012, 7:23 PM EST) -- Publicly held Canadian oil and gas company Husky Energy Inc. has agreed to form a joint venture with Taiwan state-owned energy company CPC Corp. to explore potential offshore oil and gas opportunities in the Taiwan Strait, a Husky spokesman confirmed Tuesday.

Calgary, Alberta-based Husky, which has had a longtime presence in the Asia-Pacific region, will take a 75 percent working interest in the exploration portion of the project. Husky and CPC, a Taipei-based firm that was formerly known as China Petroleum Corp., have the exploration rights...
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