CNOOC issued announcement of notification for 2019 China offshore bidding blocks on 26 June 2019.Â    In 2019, total eight exploration blocks in offshore China covering an area of 9761 sq km are available for bidding. Of which, five blocks are located in the Pearl River Mouth Basin with the acreage of 993 sq km, one block is located in each of the Qiongdongnan Basin and Yinggehai Basin with the acreage of 2257 sq km. One new Strategic Cooperation Zone covering an area of 6511 sq km in the Qiongdongna Basin is open in year 2019 following the two Strategic Cooperation Zones launched in 2018.   In the meantime, CNOOC also offers six fields/blocks for development cooperation project in the Pearl River Mouth Basin, Yinggehai Basin and Bohai Bay.  CNOOC will continue to innovate our thinking on the basis of win-win cooperation. For deep water areas and deep formation, CNOOC considers adopting more flexible and preferential contract clauses in terms of exploration period, relinquishment, signature fee, participating interest and X factor. As for the cooperation of Development Oil Fields/Blocks, CNOOC considers signing production sharing contract and technical service contract, and adopting various forms to be evaluated in terms of shares of participating interest, in order to attract foreign investment, solve the technical neck and increase reserves and production.  CNOOC has planned a promotion conference to introduce the scope and details of the blocks and business model to the new and old potential partners who are interested. CNOOC also welcomes the oil companies and financial companies who have not yet established a cooperative relationship with CNOOC to inquire and discuss about cooperation opportunities.  The promotion conference is scheduled on 11-12 July 2019. Venue of the conference meeting is in Haikou, Hainan Province, China.   For details please contact:   -Â Â Â Â Â Â Â  Ms. Zhang Lei  -Â Â Â Â Â Â Â  Outbound Cooperation Management Division, Exploration Department, CNOOC  -Â Â Â Â Â Â Â  No.25, Chaoyangmenbei Dajie, Dongcheng District, Beijing   -Â Â Â Â Â Â Â  Tel: (86-10) 84521499  -Â Â Â Â Â Â Â  Fax: (86-10) 64011987  -Â Â Â Â Â Â Â  E-mail: zhanglei6@cnooc.com.cn
CNOOC issued announcement of notification for 2019 China offshore bidding blocks on 26 June 2019.  In 2019, total eight exploration blocks in offshore China covering an area of 9761 sq km are available for bidding. Of which, five blocks are located in the Pearl River Mouth Basin with the acreage of 993 sq km, one block is located in each of the Qiongdongnan Basin and Yinggehai Basin with the acreage of 2257 sq km. One new Strategic Cooperation Zone covering an area of 6511 sq km in the Qiongdongna Basin is open in year 2019 following the two Strategic Cooperation Zones launched in 2018. In the meantime, CNOOC also offers six fields/blocks for development cooperation project in the Pearl River Mouth Basin, Yinggehai Basin and Bohai Bay. 