CNOOC Ltd. said on Dec. 18 it has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China.
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.
Exploration will take place in Block A and Block B in the Pearl River Mouth Basin offshore Guangdong province.
Block A covers an area of 15,300 sq m (165,000 sq ft) and is in water depths of 80 m to 120 m (262 ft to 394 ft). Block B has an area of 48,700 sq m with water depth ranging from 500 m to 3,000 m (1,640 ft to 9,843 ft).