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).
US Oil and Gas Rig Count Steadies in April
2023-04-28 - The number of oil rigs went unchanged at 591, and gas rigs increased to 161 this week.
US Oil and Gas Rigs Fall in Q1, First Quarterly Drop Since 2020
2023-03-31 - Despite this week's rig decline, Baker Hughes said the total count was still up 82 rigs, or 12%, over this time last year.
US Oil & Gas Rig Count Falls for Second Week in a Row
2023-04-10 - U.S. oil rigs fell by two to 590, while gas rigs dropped by two to 158, Baker Hughes announced on April 6.
U.S. Oil & Gas Rig Count Falls for Fourth Week in a Row: Baker Hughes
2023-03-10 - The number of oil and natural gas rigs operating fell for a fourth week in a row for the first time since July 2020.
US Drillers Add the Most Gas Rigs in a Week Since December 2018: Baker Hughes
2023-03-17 - Oil rigs fell one to 589 this week, while gas rigs rose nine to 162.