Eric Watkins
Senior Correspondent
LOS ANGELES, July 3 -- China National Petroleum Corp. has signed a production-sharing contract with Sudan for exploration areas off northern Sudan.
Under the 20-year contract, CNPC will have exploration rights to Block 13 with an area of about 3.8 million sq km in shallow water on the Red Sea. The exploration period is 6 years.
CNPC will conduct exploration jointly with Sudan's state-run Sudapet Ltd. and Indonesia's state oil and gas company PT Pertamina.
Contact Eric Watkins at [email protected].
