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CNOOC confident of Nexen deal

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Steady as she goes
The rejection of the Petronas-Progress Energy Resources deal hasn’t dampened CNOOC Ltd.’s expectations of its bid for Nexen Inc.

CNOOC CFO Zhong Hua told a conference call on Tuesday that he expects the Nexen deal to be completed within the year. He added that the state-owned enterprise has prepared for all possible outcomes of the bid.