Yes. He didn't specify whether it was offshore or not, but this is in the context of discussing who makes Arctic policy in China, if in fact there is a Chinese Arctic policy, which I don't think there is. I was interested in asking about big state-owned companies. He said yes, they're interested, but the small Chinese mining companies are actually more eager, because from their point of view they confront similar incentives to small western oil companies. They need to lock in reserves. They need to be a bit more risk-accepted. I wouldn't be surprised if there was interest from small Chinese mining companies in those leases.
On December 11th, 2012. See this statement in context.