South China Sea
|Asset overview - South China Sea|
Pearl River Mouth Basin, South China Sea, offshore ChinaTwo 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.|