Exploration/Development Briefs

China China National Offshore Oil Corp. has signed a production sharing contract under which ROC Oil (Bohai) Co. will explore a block in southern Bohai Gulf. Block 09/05 covers 355 sq km in 4-10 m of water 50 km southeast of Tianjin. ROC will shoot 3D seismic and drill exploratory wells, bearing the entire expense during the exploration period. CNOOC has the right to participate with a 51% working interest in any commercial discovery. Indonesia AWE Ltd., Sydney, said the Atlas-1 exploratory well in the East Java basin is to be plugged and abandoned at present depth of 613 m having encountered gas with a high percentage of carbon dioxide. The well is in the Titan production sharing contrac...

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