Area Drilling

04/18/2005
ChinaPrimeline Energy China Ltd. and Primeline Petroleum Corp., London, signed a production-sharing contract covering 7,006-sq-km Block 25/34 in the East China Sea.Primeline agreed to acquire seismic data and drill exploration wells on the block, 390 km southeast of Shanghai in 75-95 m of water.China National Offshore Oil Corp. has the right to participate with as much as a 51% interest in any commercial discovery.Meanwhile, Primeline and CNOOC agreed in principle to sign a new contract that covers the retained area of Block 32/32 and the surrounding area.The acreage includes the undeveloped 1997 Lishui 36-1 (formerly Vicky) Upper Paleocene gas-condensate discovery well and one appraisal ...
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