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.  Advanced prospects analyses are underway and drilling of the first exploration well is expected in the first half of 2018.  Work programme for the initial 3-year term includes seismic data purchase, one well in each Block and one contingent well in either Block.
 History  ROC and CNOOC signed Petroleum Contracts for these Blocks on 19 August 2015.