--- Chinese Groups to Conduct Joint Studies
CNOOC China Ltd. has signed a three-year cooperation framework agreement with China Petroleum & Chemical Corp. (Sinopec Corp.) regarding the sea areas of Bohai, Beibu Gulf, and South Yellow Sea, and the North Jiangsu basin.
Both parties will share data and carry out joint studies in the Yellow River Mouth Sag, the Qingdong Sag and the eastern part of Bodong Sag in the Bohai basin, as well as southwestern Weizhou and Xuwen areas of the Beibu Gulf basin, the North Jiangsu basin, and blocks in the eastern South Yellow Sea basin.
5----- Australia Award Exploration Block to INPEX
INPEX has secured a new exploration permit in the offshore Bonaparte basin under Australia’s 2018 Offshore Petroleum Exploration Acreage Release.
The AC/P66 block on the North West Shelf covers an area of 3,460 sq km (1,336 sq mi), in water depths of 60-500 m (187-1,640 ft).
It is close to various developed oil fields including Laminaria, in an area thought to be prospective for further discoveries.
INPEX will hold a 100% interest in the block.