Smart Oil Investment Ltd. of China will operate exploration of the Bohai 09/17 block offshore China under a production-sharing contract with CNOOC Ltd.
Smart Oil Investment Ltd. of China will operate exploration of the Bohai 09/17 block offshore China under a production-sharing contract with CNOOC Ltd.
The 509.3-sq-km block is in the Qikou sag under Bohai Bay in China. Water depths are 5-10 m.
CNOOC has the right to a participating interest of as high as 51% in any commercial discoveries.