SK bags South China Sea duo

摘要

State-owned China National Offshore Oil Corp (CNOOC) has signed two Production Sharing Contracts (PSCs) with SK Innovation for Blocks 04/20 and 17/03 in the South China Sea. The two blocks are located in the Pearl River Mouth Basin. Block 04/20 covers a total area of 5,138sq km and has a water depth of 50-100m (164-328ft). Block 17/03 covers a total area of 7,686sq km and has a water depth of 50-100m (164-328ft).