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).
The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?
Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet Basin, the sources close to the discussions said.
Sudan’s Foreign Ministry said on March 21 it has summoned Egypt’s ambassador to Khartoum, Hossam Issa, over Egypt offering oil and gas exploration blocks “in Red Sea areas subject to Sudanese sovereignty.”