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2019 China Maritime Open Block Investment Invitation Notice
Release Date: 2019-06-26 Views: Information Sources: China Offshore Oil News Font size: [ Large Middle Small ]
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In accordance with the relevant provisions of the “Regulations of the People's Republic of China on Foreign Cooperation in the Exploitation of Offshore Oil Resources”, China National Offshore Oil Corporation (CNOOC) has issued the following notice regarding the 2019 China offshore foreign investment promotion block:

Launched 8 exploration blocks with a total area of about 9761km 2 . Among them, there are 5 blocks in the Pearl River Mouth Basin, with an area of 993 km 2 , and one block in the Qiongdongnan and Yinggehai Basins with an area of 2257 km 2. In addition to the above blocks, based on the strategic cooperation zone signed with foreign companies in 2018 In 2019, one new Qiongdongnan Strategic Cooperation Zone was newly added, covering an area of 6511km 2 .

It also introduced six contracted development oilfields / blocks in the Pearl River Estuary, Yinggehai, and Bohai.

In 2019, China Overseas Maritime Investment will continue to promote cooperation model innovation on the basis of adhering to the concept of win-win cooperation. For deep water areas and deep layers, consider adopting more flexible and preferential contract terms in terms of exploration period, area refund, signature fee, participation equity ratio and share ratio. In the proposed oilfield / block cooperation, by signing product-sharing contracts and technical service contracts, and adopting various forms of price-sharing to attract foreign investment to participate in the development, solve the technical bottlenecks of oilfield development and achieve the goal of increasing reserves and production.

National companies will adopt the method of holding referral activities to introduce prospective new and old partners to the scope and content of investment promotion blocks and business operation models. At the same time, oil companies and financial companies that have not established a cooperative relationship with CNOOC are also welcome to inquire and explore business opportunities for cooperation.

Promotion time: July 11-12

Location: Haikou City, Hainan Province

Contact: Ms. Zhang Lei

Foreign Cooperation Management Office, Exploration Department, CNOOC

CNOOC Building, 25 Chaoyangmen North Street, Dongcheng District, Beijing, China

Postcode: 100010

Phone: (86-10) 84521499

Fax: (86-10) 64011987

Email: zhanglei6@fuzhuanfuliao.com.cn




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2019 China Maritime Open Block Investment Invitation Notice
Release Date: 2019-06-26 Information Sources: China Offshore Oil News

In accordance with the relevant provisions of the “Regulations of the People's Republic of China on Foreign Cooperation in the Exploitation of Offshore Oil Resources”, China National Offshore Oil Corporation (CNOOC) has issued the following notice regarding the 2019 China offshore foreign investment promotion block:

Launched 8 exploration blocks with a total area of about 9761km 2 . Among them, there are 5 blocks in the Pearl River Mouth Basin, with an area of 993 km 2 , and one block in the Qiongdongnan and Yinggehai Basins with an area of 2257 km 2. In addition to the above blocks, based on the strategic cooperation zone signed with foreign companies in 2018 In 2019, one new Qiongdongnan Strategic Cooperation Zone was newly added, covering an area of 6511km 2 .

It also introduced six contracted development oilfields / blocks in the Pearl River Estuary, Yinggehai, and Bohai.

In 2019, China Overseas Maritime Investment will continue to promote cooperation model innovation on the basis of adhering to the concept of win-win cooperation. For deep water areas and deep layers, consider adopting more flexible and preferential contract terms in terms of exploration period, area refund, signature fee, participation equity ratio and share ratio. In the proposed oilfield / block cooperation, by signing product-sharing contracts and technical service contracts, and adopting various forms of price-sharing to attract foreign investment to participate in the development, solve the technical bottlenecks of oilfield development and achieve the goal of increasing reserves and production.

National companies will adopt the method of holding referral activities to introduce prospective new and old partners to the scope and content of investment promotion blocks and business operation models. At the same time, oil companies and financial companies that have not established a cooperative relationship with CNOOC are also welcome to inquire and explore business opportunities for cooperation.

Promotion time: July 11-12

Location: Haikou City, Hainan Province

Contact: Ms. Zhang Lei

Foreign Cooperation Management Office, Exploration Department, CNOOC

CNOOC Building, 25 Chaoyangmen North Street, Dongcheng District, Beijing, China

Postcode: 100010

Phone: (86-10) 84521499

Fax: (86-10) 64011987

Email: zhanglei6@fuzhuanfuliao.com.cn

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