...and signs China PSCs

摘要

State-owned China National Offshore Oil Corporation (CNOOC) has signed two Production Sharing Contracts (PSCs) with Husky Oil for Block 22/11 and 23/07 in the Beibu Gulf in the South China Sea. Block 22/11 covers a total area of 1,663sq km with a water depth of 40-80m (131-262ft) and the Block 23/07 covers a total area of 1,210sq km with a water depth of 20-40m (66.5-131ft).