Sudan awards Red Sea PSC to China's CNPC

China National Petroleum Corp. has signed a production-sharing contract with Sudan for exploration areas off northern Sudan.

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 hippalus@yahoo.com.

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