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Western South China Sea News

03 Dec 2012

CNOOC Mulls LNG Vessel Orders

CNOOC has it in mind to order 14 medium & small-sized LNG ships from Chinese shipyards. The Group is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. It mainly engages in exploration, development, production and sales of oil and natural gas. The Group’s core operation areas are Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China. In overseas, the Group has oil and gas assets in Asia, Africa, North America, South America and Oceania. CNOOC plans to order four 30,000 cu m LNG vessels and ten 10…

20 Aug 2007

CNOOC, Newfield Sign PSC Contracts

China National Offshore Oil Company Limited (CNOOC Ltd) announced Wednesday that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters. Newfield will reprocess the two-dimensional seismic data, a technical survey containing geological clues for hidden oilfields, and conduct drilling operations. Located in the Pearl River basin, block 16/05 covers 2,064 square km.

16 Aug 2007

CNOOC, Newfield Sign PSC contracts

China National Offshore Oil Company Limited (CNOOC Ltd) announced that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters. Newfield will reprocess the two-dimensional seismic data, a technical survey containing geological clues for hidden oilfields, and conduct drilling operations. Located in the Pearl River basin, block 16/05 covers 2,064 square km.