Eni signs PSC for block offshore China

Eni signed a production sharing contract with China National Offshore Oil Corp. for Block 50/34 off the southwestern coast of Hainan Island in the South China Sea.

The block covers 1,922 sq km in 40-90 m of water.

Eni said the contract provides for a 6.5-year exploration period in three phases.

In its 2012 notification of blocks available, CNOOC described the area as on the southeastern slope of the Yinggehai basin and western Yabei sag of the Qiongdongnan basin.

It said the block had 5,123 line-km of 2D seismic coverage. Past drilling of six wells on the block had yielded oil and gas discoveries, according to CNOOC.

Related Articles

CNRL files OSCA application with AER for Grouse oil sands project

08/27/2014 Canadian Natural Resources Ltd. has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Grouse steam-assisted...

MARKET WATCH: NYMEX prices climb ahead of US oil supply drop

08/27/2014 Crude oil prices rose modestly on the New York market Aug. 26 ahead of the weekly government oil inventory report while analysts correctly anticipa...

ExxonMobil Pipeline settles charges from 2012 Louisiana spill

08/27/2014 Exxon Pipeline Co. agreed to pay more than $1.4 million to resolve federal charges that a 2012 spill from the company’s North Line near Torbert, La...

Parsley Energy adds Permian basin acreage

08/26/2014 Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a tota...

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