Killajoules

Development plan for Peregrino Phase II submitted
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on 30 January.

Sinochem’s 12 Million MT/a Refining Project Commissioned　All Its Gasoline and Diesel Products Meet Euro V Emission Standards
With all its 19 units successfully passed the trial run, Sinochem Quanzhou 12 million MT/a refining project (hereinafter referred to as Sinochem Quanzhou refining project), invested solely by Sinochem Group, was officially rolled out on July 9th.

Sinochem Quanzhou Petrochemical’s 12 Million Tons per Annum Oil Refining Project Enters into Overall Testing Run Stage
On the morning of January 16, the atmospheric and vacuum distillation unit for the 12 million tons per annum oil refining project of Sinochem Quanzhou Petrochemical Co., Ltd. (a subsidiary of Sinochem Group) started operation by receiving oil. Mr. Du Guosheng, Vice President of Sinochem Group and General Manager of Sinochem Quanzhou Petrochemical Co., Ltd. was on site to give instructions.

Pioneer Natural Resources Announces $1.7 Billion Horizontal Wolfcamp Shale Transaction with Sinochem
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Company has signed an agreement with Sinochem Petroleum USA LLC, a U.S. subsidiary of the Sinochem Group (“Sinochem”), to sell 40% of Pioneer’s interest in approximately 207,000 net acres leased by the Company (“joint interest area”) in the highly prospective horizontal Wolfcamp Shale play in the southern portion of the Spraberry Trend Area Field for a total price of $1.7 billion. At closing, Sinochem will pay $500 million in cash to Pioneer, before normal closing adjustments, and will pay the remaining $1.2 billion by carrying a portion of Pioneer’s share of future drilling and facilities costs (“drilling carry”).

Honeywell’s UOP technology selected by Sinochem to produce high-purity hydrogen
UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Sinochem to provide technology to purify hydrogen at a new refinery in China.

Colombia: Total sells assets for about 1 billion dollars
Total announces the signature of an agreement with Sinochem to sell TEPMA BV. This fully owned affiliate of Total holds a working interest in the Cusiana field as well as a participation in OAM and ODC pipelines in Colombia. Total share of production of Cusiana is around 7,000 barrels of oil equivalent per day. This transaction is subject to approval by the relevant authorities. This sale follows a divestiture of a 5 % working interest in the Ocensa pipeline to Petrominerales and of another 5 % to Cepsa in July 2011. The combined value of the three transactions amounts to about US$ 1 billion.

Farm-out Agreement with Sinochem for Exploration Blocks offshore Brazil
Perenco has signed an agreement with Sinochem Petróleo Brasil Ltda, the 100% owned subsidiary of Sinochem Corporation (Sinochem) to farm-out five concessions in the Espirito Santo basin, offshore Brazil.

Syria EU Sanctions Update - Declaration of Force Majeure
Gulfsands Petroleum plc ("Gulfsands", or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., wishes to provide the following update on the European Union's ("EU") recent announcement of additional sanctions in relation to Syria.

Statoil and Sinochem successfully close Peregrino offshore field transaction
All contracts and approvals related to Statoil’s sale of 40% of the Peregrino field offshore Brazil to Sinochem Group were formally closed on 14 April.