CNOOC announced on 18 May the signature of PSCs for blocks 22/11 + 23/07 in the Beibu Gulf, South China Sea. Block 22/11 covers 1,663 sq km in WD 40-80m and 23/07Â  1,210 sq km in WD 20-4 m. Husky will operate during the explo phase, CNOOC as customary has the right to take over with 51% in the event of a commercial find.
China, not foundCNOOC announced on 18 May the signature of PSCs for blocks 22/11 + 23/07 in the Beibu Gulf, South China Sea. Block 22/11 covers 1,663 sq km in WD 40-80m and 23/07  1,210 sq km in WD 20-4 m. Husky will operate during the explo phase, CNOOC as customary has the right to take over with 51% in the event of a commercial find.