19 December 2018, News Wires — CNOOC Ltd said on Tuesday 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 B in the Pearl River Mouth Basin offshore Guangdong province.
Block A covers an area of 15,300 square metres (165,000 square feet) and is in water depths of 80 to 120 metres (262 to 394 feet).
Block B has an area of 48,700 square metres with water depth ranging from 500 metres to 3,000 metres.