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CNOOC inks agreements with IOCs for offshore China assets



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CNOOC signed strategic cooperation agreements with nine international oil companies for the development of assets in the Pearl River Mouth Basin offshore China, including Area A and Area B but not the state-run Chinese company’s existing mining areas and contract areas. The IOCs are Chevron, ConocoPhillips, Equinor, Husky Energy, KUFPEC, Roc Oil, Shell, SK Innovation and Total.Area A covers 15,300 sq km in water depths of 80-120 meters, and the agreements cover only the deep layers below......
 
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