BHP-TEXACO WIN BLOCK OFF E. CHINA

BHP Petroleum (China) Inc. and Texaco Petroleum Mij. (Nederland) BV have signed a contract with China National Offshore Oil Corp. to explore for oil and natural gas on a block in East China's Bohai Bay. The agreement covers the 5,600 sq km Contract Area 11/19 in about 20 m of water about 185 km southeast of Tianjin. It is the second block awarded to the pair, which acquired exploration rights on Contract Area 06/17 last year (OGJ, Dec. 9, 1991, p. 32). Texaco and BHP each holds 50%

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