CNOOC Signs Oil Exploration Contract with Equatorial Guinea
CNOOC Africa Ltd has signed a production sharing contract with Equatorial Guinea's National Oil Company to explore crude oil and natural gas offshore in an area of 2,287 square kilometers. The exploration, which will last five years, involves CNOOC acting as the technical operator, conducting seismic data interpretation and drilling exploratory wells.
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CNOOC Africa Ltd has signed a production sharing contract with the National Oil Company of Equatorial Guinea to explore crude oil and natural gas offshore. The contract area spans 2,287 square kilometers with depths ranging from 30 to 1,500 meters.
The exploration period is set for five years, with CNOOC serving as the technical operator. The company will conduct seismic data interpretation and drill exploratory wells as part of the project.
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