CNOOC, DEVON ENERGY INK SHARING PACTS FOR DEEPWATER BLOCKS
AsiaInfo Services, December, 2006
AsiaInfo Services 12-15-2006 CNOOC, Devon Energy Ink Sharing Pacts for Deepwater Blocks BEIJING, Dec 15, 2006 (SinoCast via COMTEX) -- China National Offshore Oil Corp., China's largest offshore oil producer by production, has inked production sharing contracts with US Devon Energy Corp.
for two deepwater blocks in the South China Sea. Block 64/18 and block 53/30 are located in the Qiong Dong Nan Basin in the western part of the South China Sea and the Pearl River Mouth Basin, which respectively cover an area of 7,712 square kilometers and around 6,313 square kilometers. Water depths in each zone vary from 300 to 2,000 meters. Devon will conduct 2-D seismic surveys and drill wildcat wells during an eight-year exploration period in the blocks, in terms of the...
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