AWE Plans Block 09/05 Farm-In

摘要

AWE has signed a farm-in agreement to acquire a 40% interest in block 09/05, offshore Bohai Basin, China, from Roc Oil Co. Block 09/05 is located about 10 km southeast of Tanggu, the largest port in China. The block covers 335 sq km with water depths from 5 m to 10 m. The block has the benefit of low drill and development costs, proximity to existing infra-structure and attractive fiscal terms.