State-owned China National Offshore Oil Corporation (CNOOC) said on December 18 it has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China.
Exploration will take place in Block A and B in the Pearl River Mouth Basin offshore Guangdong province.
Block A covers an area of 15,300 square meters (165,000 square feet) and is in water depths of 80 to 120 meters (262 to 394 feet).
Block B has an area of 48,700 square meters with water depth ranging from 500 meters to 3,000 meters.
The nine companies are: Chevron Corp, ConocoPhillips, Equinor, Husky Energy Inc, Kuwait Foreign Petroleum Exploration Co, Australia's Roc Oil, Royal Dutch Shell, SK Innovation and Total.
Source:sxcoal
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