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Announcement of Notification for Bidding Blocks Offshore China of 2018

Time:2018-04-02 Size:[ Large Medium Small ]

In 2018, fifteen (15) newly launched Offshore China Open Blocks covering an area of 4,323 km2 are available for bidding, among which thirteen (13) blocks covering acreage of 1,663 km2 in the east and west of South China Sea are to be drilled or to be further evaluated.

In addition to the above Open Blocks, twenty-one (21) blocks launched in the bidding of 2017 in the South Yellow Sea, East China Sea, east and west of South China Sea will continue to be open to foreign cooperation. In the meantime, we will propose two (2) brand new Strategic Cooperative Areas in the Potential Mid-deep Formation and Deep Water Areas, covered over 70,000 km2 in total.

Comparing to the past biddings, we will continue to innovate our thinking on the basis of win-win cooperation, consider adopting more flexible cooperation model in terms of exploration period, relinquishment, signature fee, participation interest and X factor, and continuously expand the depth and breadth of cooperation. We will convene a promotion conference to introduce our new concepts of cooperation, commercial model and specific regional areas to the new and old potential partners who are interested.

We also welcome the oil companies and financial companies who have not yet established a cooperative relationship with CNOOC to inquire and discuss about cooperation opportunities.

Promotion Conference Date: Preliminary scheduled in early May, the specific date will be announced in mid-April.

Venue of the conference meeting: CNOOC Building, Beijing (Detailed room number will be further announced)

Contact: Ms. Zhang Lei ,

Outbound Cooperation Management Division, Exploration Department, CNOOC

No.25, Chaoyangmenbei Dajie, Dongcheng District, Beijing

The People’s Republic of China

Post Code: 100010

Tel: (86-10) 84521499

Fax: (86-10) 64011987

E-mail: zhanglei6@artfairnaples.com

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