Exploration/Development Briefs

08/19/2013
China Shell China E&P Co. Ltd. signed a production-sharing contract with China National Offshore Oil Corp. for Block 35/10 in the Yinggehai basin in the western South China Sea. The block covers 3,427 sq km in 80-110 m of water. Shell will shoot 3D seismic and may drill exploratory wells and will bear all expenses. CNOOC has the right to participate in up to 51% working interest in any commercial discovery. Grenada Global Petroleum Group Ltd. let a contract to SeaBird Exploration PLC for a marine 3D seismic survey in the Grenada offshore basin. GPG revealed that based on its 2D seismic lines recently processed by Tricon Geophysics Inc., Houston, the area to be surveyed "has been ...
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