China National Offshore Oil Corp. Awards Offshore Block

China National Offshore Oil Corporation has awarded Block 09/18 to Kerr-McGee. The block is located offshore China in Bohai Bay and includes more than 550,000 acres and water depth in this block is approximately 65 feet. The block is located south of the Kerr-McGee operated blocks 04/36 and 05/36. Kerr-McGee is the operator of the block with a 100 percent contractor's interest. Block 09/18 is on a trend with similar play concepts as the recent discoveries on blocks 04/36 and 05/36.