Brunei National Petroleum Company Sendirian Berhad (Petroleum Brunei) has formed an oilfield services partnership venture with the China National Offshore Oil Corporation (CNOOC). The deal was endorsed by both the countries during the Chinese Premier’s recent visit to Brunei. The countries have affirmed their satisfaction with the existing bilateral cooperation in the energy sector. Specifically, they have agreed to help relevant firms of both countries to carry out joint maritime development, as well as explore and exploit offshore oil and gas resources.