Source Pravda.Ru

Who to Explore Chinese Oil?

China National Offshore Oil Corp. (CNOOC) issued tenders to foreign oil and gas companies for rights to explore and develop 12 new deepwater blocks in the South China Sea.

The area covers about 76,000 square kilometers in water depths from 985 feet to 6,562 feet. CNOOC will own all of the working interests resulting from the E&P activities.


&to=' target=_blank>CNOOC