TEXACO-BHP TO EXPLORE CHINA'S BOHAI BAY
Texaco Petroleum Mij. (Nederland) BY and BHP Petroleum (China) Inc. have acquired exploration rights on a block in East China's Bohai Bay from China National Off-shore Oil Corp (Cnooc). Contract Area 06/17 covers the 5,000 sq km Bo Dong tract in the 51,000 sq km bay. Water depths in the contract area range from 65 to 130 ft.