CNOOC Invites Bids for 18 Offshore Exploration Blocks in China

CNOOC Invites Bids for 18 Offshore Exploration Blocks in China
China National Offshore Oil Corp. invites foreign companies to submit bids for 18 exploration blocks located offshore China.

China National Offshore Oil Corp. (CNOOC) invited foreign companies to submit bids for offshore oil and gas exploration blocks in the country, the firm said in a press announcement Wednesday.

The Chinese state-owned company is offering 18 blocks in the tender, spreading over an area of 20,281 square miles (52,257 square kilometers) offshore China.

CNOOC indicated that it will be flexible in negotiating contracts with bidders relating to terms and conditions of the exploration period, relinquishment and payment on the signature fees if the blocks are located in deepwater, deep play structure as well as high temperature and high pressure (HTHP) structure.

Interested companies should approach CNOOC to schedule a visit to the Data Room in Tianjin, Shanghai, Guangzhou and Zhangjiang, where they can purchase relevant information of the offshore blocks offered in the tender from Feb. 24 to June 30.

The offshore blocks offered by CNOOC in the tender are:

  • Blocks 11/03,11/09  and 06/36 in Bohai Bay Basin
  • Block 24/17 in South Yellow Sea Basin
  • Blocks 26/18, 28/06,14/21,29/24,41/24,42/12,43/08,55/05 and 44/07 in Pearl River Mouth Basin (East)
  • Block 50/13 in Yinggehai Basin
  • Blocks,53/23,64/03,53/34 and 53/36 in Qiong Dongnan Basin

The closing date for bid submissions is Oct. 31.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Chee Yew Cheang
APAC Editor | Rigzone
 -  Malaysia's InvestKL Woos Top Oil, Gas ... (Oct 6)
 -  Petrobangla Invites EOIs for 3 Offshor... (Sep 30)
 -  Malaysia's SapuraKencana Posts 7.1% Ga... (Sep 29)
 -  TH Heavy Engineering, McDermott End Pa... (Sep 26)
 -  Singapore's NUS Slowly Builds its Petr... (Sep 26)

Most Popular Articles

From the Career Center
Jobs that may interest you
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
Channel Development Manager Job
Expertise: Business Development|Sales
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours