Area Drilling

ChinaChina National Offshore Oil Corp. signed a production sharing contract with Santa Fe Energy Resources (China) Ltd. for Block 27/10, Pearl River Mouth basin, South China Sea.Santa Fe, which participates in exploration of six other blocks off China, is committed to invest at least $10 million on the 6,546 sq km block 160 km south of Hong Kong.PeruGeopet Asociades SA of Peru signed an 18-month technical evaluation agreement with Perupetro, the state oil agency of Peru, to evaluate Block 18, OGJ Online reported.The block covers 105,845 ha between Tumbes and Trigal in far northwestern Peru. Geopet will promote the block after completing technical studies.Sao Tome and PrincipePetroleum Geo...

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