Cnooc Africa Ltd News

CNOOC Ltd. signed a production sharing contract to explore for crude oil and natural gas and develop an area offshore of Equatorial Guinea. The contract area covers 2,287 square kilometers with a water depth between 30 meters and 1,500 meters. The contract was signed between CNOOC Africa Ltd, the National Oil Company of Equatorial Guinea and the Ministry of Mines, Industry and Energy. The exploration period was set at five years, and CNOOC will act as the project's technical operator. Under the terms of the contract, CNOOC will conduct seismic data interpretation and drill exploratory wells. (Source: Shanghai Daily)

CNOOC Ltd. has signed production-sharing contracts for six blocks in Kenya, marking the company's first exploration foray into East Africa. The agreement was signed by CNOOC Africa Ltd, a subsidiary of CNOOC. However, no financial details were released. The six blocks, covering 115,343 square kilometers, are located in three basins in Kenya and the exploration will be divided into three phases. (Source: Shanghai Daily)