Cnooc's fourth bidding round offers first tracts in East China Sea
Journal Article
·
· Oil and Gas Journal; (United States)
OSTI ID:7049869
This paper reports that China National Offshore Oil Corp. (Cnooc) has unveiled details of China's fourth offshore bidding round. It features the first offering of acreage in the East China Sea. Cnooc, China's state agency for offshore oil cooperation with foreign firms, has sweetened fiscal and tax terms for operators in the fourth round, announced June 30 (OGJ, July 6, Newsletter). Cnooc put up for bids two groups of acreage in the East China Sea that cover a total area of almost 73,000 sq km. The northern acreage, consisting of four blocks, covers 18,800 sq km and is 230 km east of Shanghai. The southern acreage, consisting of 16 blocks, covers 54,000 sq km and is 110 km east of Wenzhou, Zhejiang province. The area waters are 50-100 m deep and relatively calm year round. Chines explorationists have conducted 60,000 line km of seismic surveys and drilled five wildcats in the two areas, Data indicate the two areas have thick sediments, good source rocks, and strong conditions for oil traps.
- OSTI ID:
- 7049869
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:29; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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OSTI ID:5052346
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· AAPG Bulletin (American Association of Petroleum Geologists); (United States)
·
OSTI ID:6747768
Related Subjects
02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ASIA
CHINA
CONSTRUCTION
CONTRACTS
COOPERATION
DRILLING
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
INTERNATIONAL COOPERATION
MINERAL RESOURCES
NATURAL GAS
OFFSHORE OPERATIONS
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PIPELINES
PLANNING
RESOURCE POTENTIAL
RESOURCES
WELL DRILLING
WELLS
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ASIA
CHINA
CONSTRUCTION
CONTRACTS
COOPERATION
DRILLING
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
INTERNATIONAL COOPERATION
MINERAL RESOURCES
NATURAL GAS
OFFSHORE OPERATIONS
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PIPELINES
PLANNING
RESOURCE POTENTIAL
RESOURCES
WELL DRILLING
WELLS