South China Sea

Asset overview - South China Sea

Pearl River Mouth Basin, South China Sea, offshore China

Two exploration areas totalling 5,110km2: Block 03/33 and Block 16/07 in 65-145m water depth.
Operator Roc Oil (China) Company
JV partners and interests
Roc Oil (China) Company 
CNOOC has the right to participate in up to 51% of any development.
 Status  G&G studies are in progress.  Work programme for the initial 3-year term includes seismic data purchase, one well in each Block and one contingent well in either Block.

A farm-down of ROC's share is in progress.
 History  ROC and CNOOC signed Petroleum Contracts for these Blocks on 19 August 2015.