--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

CNOOC, Husky Sign Deepwater Oil Exploration Contract

China National Offshore Oil Corporation (CNOOC) inked a petroleum exploration contract with Husky Oil China Ltd., a subsidiary of Canada-based Husky Energy Ltd., on Monday for deepwater block 29/26 in the Pearl River Mouth Basin of the Eastern South China Sea.

 

"This is the second deepwater exploration contract signed between CNOOC and Husky, and also seventh total contract signed between them," said Zhang Guohua, the senior vice president of CNOOC.

 

Block 29/26, one of the 12 deepwater blocks offered by CNOOC in2002 for open tender, is located about 300 kms southeast off Hong Kong. Covering a sea area of 3,965 square kilometers, the block has a water depth averaging 300 to 2,000 meters.

 

Under the terms of the contract, Husky will fund all exploration costs and has the right to receive up to 51 percent working interest at no cost from any commercial discoveries in the block.

 

"We expect more cooperation with international counterparts to explore deep water areas in the South China Sea in the future," said Zhang.

 

(Xinhua News Agency August 17, 2004)

 

CNOOC Announces Successful Appraisal Well
Oil Giants to Launch Import JV
CNOOC Reports Record Profit Rise
CNOOC Outlines Oil, Natural Gas Output Targets
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688