AMOCO TO EXPLORE OFF CHINA

A unit of Amoco Corp. has signed a contract with China calling for exploration on 6.7 million acres in the South China Sea. Amoco Orient Petroleum Co.'s production sharing agreement covers Contract Area 40/06 in the Pearl River Mouth basin, about 185 miles southeast of Hong Kong. It calls for Amoco to conduct seismic surveys and other studies, with an option for exploratory drilling. China National Offshore Oil Corp. will also have an option to acquire as much as 51% interest in any

Aug 20th, 1990
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