China: ROC Oil to explore southern Bohai block

By OGJ editors

China National Offshore Oil Corp. has signed a production sharing contract under which ROC Oil (Bohai) Co. will explore a block in southern Bohai Gulf.

Block 09/05 covers 355 sq km in 4-10 m of water 50 km southeast of Tianjin. ROC will shoot 3D seismic and drill exploratory wells, bearing the entire expense during the exploration period. CNOOC has the right to participate with a 51% working interest in any commercial discovery.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...