Roc Oil and Smart Oil have signed a PSC with CNOOC for block 22/04 and the Weizhou 10-3W oilfield in the Beibu Gulf of South China Sea, WD 40-80m.   - 22/04 (80 sq km): Roc 65%, Smart 35% joint optrs, CNOOC has the right to participate up to 51% in the event of a commercial discovery.   - Weizhou 10-3W (18 sq km): Roc 35%, Smart 25%, joint optrs for the devt ops, CNOOC 40%.
Roc Oil (35%) and Smart Oil (25%) have signed a PSC with CNOOC (has the right to participate up to 51% in the event of a commercial discovery) for block 22/04 and the Weizhou 10-3W oilfield in the South China Sea, WD 40-80m.