Chevron, CNOOC sign South China Sea PSCs

Chevron China Energy Co. and China National Offshore Oil Corp. signed production-sharing contracts for two shallow-water exploration blocks in the eastern South China Sea.

Blocks 15/10 and 15/28 are in the Xijiang Sag of the Pearl River Mouth basin.  They cover 5,782 sq km in 50-100 m of water.

Chevron, which has 100% interest, will conduct 3D seismic surveys. CNOOC has the right to participate in up to 51% working interest in any commercial discoveries.

Related Articles

Kansas-Missouri heavy oil area draws new operator

03/26/2014 Worthington Energy Inc., San Francisco, said it will attempt to recover heavy oil on the Barr Cattle Co. lease near Chetopa in southeastern Kansas.

Myanmar awards exploration blocks

03/26/2014 Myanmar’s energy minister has announced winners for 20 of the 30 offshore blocks that have been available since its auction launch in April 2013.

Financial questions seen for US shale gas, tight-oil plays

03/25/2014 Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the autho...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/24/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected