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Announcement of Notification for Bidding Blocks Offshore China of 2023

Time:2023-12-13 Size:[ Large Medium Small ]

According to the relevant provisions of the Regulations of the People's Republic of China on the Exploitation of Offshore Petroleum Resources in Cooperation with Foreign Enterprises, China National Offshore Oil Corporation (CNOOC) hereby issues the following Announcement of Notification for Bidding Blocks Offshore China of 2023:

Eight (8) Offshore China Exploration Blocks covering an area of 18,464km2 are available for bidding in 2023, among which one (1) block is located in Donghai Basin with the acreage of 4,000km2, five (5) blocks are located in Pearl River Mouth Basin with the acreage of 12,793km2, one (1) block is located in Beibu Bay Basin with the acreage of 1077km2, and one (1) block is located in Qiongdongnan Basin with the acreage of 594km2.

In 2023, CNOOC will innovate cooperation modes with foreign enterprises and expand the scope of partners while continuing to uphold the vision of win-win cooperation. In the meantime, for deep water areas and deep formation, CNOOC will adopt flexible and preferential business arrangements in terms of exploration period, relinquishment, signature fee, participating interest and X factor in the hope of achieving the goals of expanding cooperation with foreign enterprises and enhancing foreign investments in China offshore oil and gas exploration and development.

Opening Period for Data Room: From Today to November 30, 2023.

Closing Date for Bid: January 31, 2024

Contact: Mr. Li Junting,

Petroleum Contract Division, Exploration & Development Department, CNOOC

No.25, Chaoyangmenbei Dajie, Dongcheng District, Beijing, 100010, P.R. China

Tel: (86-10) 84527823     

Fax: (86-10) 64011987

E-mail: lijt1@cnooc.com.cn

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