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        The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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        The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

        ufi

        BEIJING, China

        March 26-28,2026

        LOCATION :Home> News> Industry News

        Sinopec daylight seeking joint venture partner

        Pubdate:2013-10-29 10:19 Source:zhanghaiyan Click:

        Sinopec Group is reportedly looking for joint venture partners to help develop western Canadian Montney and Duvernay assets it acquired in the $2.1-billion purchase of Daylight Energy of Calgary in 2011.

        “We are not only buyers, but also actively seek joint venture partners to optimize assets,” Feng Zhiqiang, chief executive and chairman of Calgary-based Sinopec Daylight Energy, told Reuters in an interview datelined Beijing.

        Feng took over as CEO in September when Anthony Lambert abruptly retired as president and CEO, a position he had also held with Daylight.

        Feng was also recently appointed chairman of North America operations for Sinopec International Petroleum Exploration and Production Corp, Sinopec Group’s main acquisition vehicle.

        A sale of a foreign asset would be a rare move for one of China’s state-owned energy companies, which have spent hundreds of billions of dollars buying oil and gas resources from North America to Australia.

        Feng reportedly said Sinopec Daylight would remain the operator of the assets.

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