China's CNOOC tenders offshore blocks in the South China Sea

Discussion in 'China' started by blank_quest, Sep 24, 2012.

  1. blank_quest

    blank_quest Senior Member Senior Member

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    CNOOC, China's top offshore oil producer, is inviting foreign companies to explore for oil and gas in another 26 blocks, including 22 in the strategically important South China Sea, although an analyst said none of these were in disputed territory. Experts said the tender, which also covers blocks in the Bohai Sea off north China and in the East China Sea, was probably the largest offered by China National Offshore Oil Corp (CNOOC) since the 1990s, in the latest sign the oil giant wants to beef up exploration as its output growth slows.

    The tender comes two months after CNOOC invited international firms to bid for nine blocks in the western part of the South China Sea, a move Vietnam said was illegal as the blocks encroached on its territorial waters. See: CNOOC seeking foreign firms to jointly operate nine offshore blocks China at the time insisted the tender in June was in accord with Chinese and international law and urged Vietnam not to escalate the quarrel.

    Huang Xinhua, a geologist at energy consultancy IHS, said none of the latest blocks appeared to be in disputed areas. One of the blocks is in the northern Bohai Bay, with three in the East China Sea, 18 in the eastern part of the South China Sea and four in the western South China Sea, the company said on its website (www.cnooc.com.cn). They cover a total area of 73,754 sq kms. The three deep-water blocks in the eastern part of the South China Sea are at depths between 700 and 3,000 metres, it said, adding that foreign firms have until Nov 30 to view data packages for all the blocks tendered.

    'The tender should be CNOOC's largest in terms of the number of blocks offered since the 1990s, showing CNOOC really wants to beef up its exploration in offshore China with the help of international firms,' Huang said. The three deep sea blocks, which cover a total of 15,365 sq kms, as well as acreage in the Qiongdongnan basin in the western part of the South China Sea were among the most attractive as hardly any drilling has been carried out there so far, Huang added.

    CNOOC, parent of CNOOC Ltd , normally teams with foreign firms to explore for oil and gas offshore, but once a commercial find is made the firm holds the right to take a 51 percent stake. Beijing claims almost all the South China Sea, a body of water believed to hold rich reserves of oil and gas and which stretches from China to Indonesia and from Vietnam to the Philippines. Vietnam, the Philippines, Taiwan, Brunei and Malaysia claim parts of it.

    According to the CNOOC Press Release, the 26 blocks on offer are as follows

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    1) 1 Block in Bohai Bay

    Block 05/31 lies in the boundary of Qikou Sag and Nanpu sag of the West of Bohai Bay basin,with a water depth ranging from 5m to 15m and covering an area of 270km2. Up to now, there are 928 km of 2D and 12 km2 3D seismic data in the block, 4 wells were drilled in the block.

    2) 3 Blocks in East China Sea

    Block 32/36 lies in Lingfeng buried hill structure belt of Lishui Sag of East China Sea basin, with a water depth ranging from 80m to 100m and covering an area of 501km2. Up to now, there are1000 km of 2D and 90 km2 3D seismic data in the block, 4 wells were drilled in the block.

    Block 41/08 lies in the south of Lishui Sag of East China Sea basin,with a water depth ranging from 80m to 100m and covering an area of 2381km2. Up to now, there are 4204 km of 2D seismic data in the block, no well was drilled in the block.

    Block 33/02 lies in Lishui Sag and Jiaojiang sag of East China Sea basin,with a water depth ranging from 80m to 100m and covering an area of 1778km2. Up to now, there are 6329 km of 2D and 325 km2 3D seismic data in the block, 2 well were drilled in the block.

    3) 18 Blocks in theEast of South China Sea

    (1) 5 deeper layer blocks

    Block 27/10 lies in Enping Sag of Pearl River Mouth Basin, with a water depth ranging from 70m to 110m and covering an area of 4257km2. Up to now, there are 17350km of 2D and 1800km2 of 3D seismic data in the block. 16 wells were drilled in the block. The open layer of Block 27/10 is below T70 (including T70).

    Block 28/04 lies in Panyu Sag 4 of Pearl River Mouth Basin, with a water depth ranging from 90m to 120m and covering an area of 1049km2. Up to now, there are 2046km of 2D and 1005km2 of 3D seismic data in the block. 13 wells were drilled in the block. The open layer of Block 28/04 is below T70 (including T70).

    Block 15/26 lies in Xijiang Sag of Pearl River Mouth Basin, with a water depth ranging from 70m to 85m and covering an area of 1501km2. Up to now, there are 6383km of 2D and 773km2 of 3D seismic data in the block. 4 wells were drilled in the block. The open layer of Block 15/26 is below T70 (including T70).

    Block 16/03 lies in Huizhou Northern Sag of Pearl River Mouth Basin, with a water depth ranging from 90m to 100m and covering an area of 2323km2. Up to now, there are 8452km of 2D and 1356km2 of 3D seismic data in the block. 7 wells were drilled in the block. The open layer of Block 16/03 is below T70 (including T70).

    Block 16/15 lies in Huizhou Southern Sag of Pearl River Mouth Basin, with a water depth ranging from 100m to 150m and covering an area of 1952km2. Up to now, there are 5930km of 2D and 946km2 of 3D seismic data in the block. 3 wells were drilled in the block. The open layer of Block 16/15 is below T70 (including T70).

    (2) 5 single structure blocks

    HZ27-3 Structure lies in Huizhou Sag of Pearl River Mouth Basin, with a water depth of 100m and covering an area of 24km2. Up to now, there is a full coverage of 3D seismic data in the block. 3 wells were drilled in the block.

    XJ24-5 Structure lies in Xijiang Sag of Pearl River Mouth Basin, with a water depth of 100m and covering an area of 5km2. Up to now, there is a full coverage of 3D seismic data in the block. 1 well was drilled in the block.

    XJ24-4 Structure lies in Xijiang Sag of Pearl River Mouth Basin, with a water depth of 90m and covering an area of 7km2. Up to now, there is a full coverage of 3D seismic data in the block. 1 well was drilled in the block.

    PY10-4 Structure lies in Panyu Sag 4 of Pearl River Mouth Basin, with a water depth of 200m and covering an area of 68km2. Up to now, there is a full coverage of 3D seismic data in the block. 3 well were drilled in the block.

    PY3-1 Structure lies in Panyu Sag 4 of Pearl River Mouth Basin, with a water depth of 200m and covering an area of 60km2. Up to now, there is a full coverage of 3D seismic data in the block. 2 well were drilled in the block.

    (3) 3 deep water blocks

    Block 55/03 lies in Southern Massif Belt of Pearl River Mouth Basin, with a water depth ranging from 700m to 2000m and covering an area of 6009km2. Up to now, there are 3280km of 2D seismic data in the block. No well was drilled in the block.

    Block 55/12 lies in Heshan and Changchang Depression of Pearl River Mouth Basin, with a water depth ranging from 1500m to 3000m and covering an area of3990km2. Up to now, there are 2454km of 2D seismic data in the block. No well was drilled in the block.

    Block 44/07 lies in Xingning Sag of Pearl River Mouth Basin, with a water depth ranging from 1500m to 3000m and covering an area of 5366km2. Up to now, there are 2165km of 2D seismic data in the block. No well was drilled in the block.

    (4) 5 conventional shallow water blocks

    Block 04/20 lies in Haifeng Sag of Pearl River Mouth Basin, with a water depth ranging from 50m to 100m and covering an area of 5138km2. Up to now, there are 2171km of 2D seismic data in the block. 4 wells were drilled in the block.

    Block 05/04 lies in Hanjiang Sag of Pearl River Mouth Basin, with a water depth ranging from 50m to 100m and covering an area of 9677km2. Up to now, there are 4189km of 2D seismic data in the block. 2 wells were drilled in the block.

    Block 17/03 lies in Lufeng Sag of Pearl River Mouth Basin, with a water depth ranging from 50m to 100m and covering an area of 7686km2. Up to now, there are 6220km of 2D and 295km2 of 3D seismic data in the block. 2 wells were drilled in the block.

    Block 30/01 lies in Dongsha Massif and Chaoshan Depression of Pearl River Mouth Basin, with a water depth ranging from 500m to 700m and covering an area of 5102km2. Up to now, there are 2602km of 2D seismic data in the block. No well was drilled in the block.

    Block 26/18 lies in Yangjiang Sag of Pearl River Mouth Basin, with a water depth ranging from 100m to 200m and covering an area of 3235km2. Up to now, there are 6558km of 2D and 688km2 of 3D seismic data in the block. 3 wells were drilled in the block.

    4) 4 Blocks in the West of South China Sea

    Block 52/26 lies in Songxi sag and Songtao uplift of Qiongdongnan Basin, with a water depth ranging from 80m to 160m and covering an area of 1,766 km2. Up to now, there are 5043km of 2D seismic data in the block. 4 wells were drilled ,gas and oil were discovered in the block.

    Block 53/26 lies in the central Baodao sag of Qiongdongnan Basin, with a water depth ranging from 300m to 2200m(most part deeper than 500m) and covering an area of 1,832 km2. Up to now, there are 5499km of 2D seismic data in the block. No well was drilled in the block.

    Block 65/12 lies in Changchang sag ,Beijiao Uplift and Yongle Uplift of Qiongdongnan Basin, with a water depth ranging from 700m to 2200m and covering an area of 5,855 km2. Up to now, there are 1431 km of 2D seismic data in the block. No well was drilled in the block.

    Block 50/34 lies in the Southeastern slope of Yinggehai Basin and western Yabei sag of Qiongdongnan Basin, with a water depth ranging from 40m to 90m and covering an area of 1922 km2. Up to now, there are 5123 km of 2D seismic data in the block. 6 wells were drilled, gas and oil were discovered in the block.

    Press Center-Notification-Notification of the Second Batch of Blocks in Offshore China Available for Foreign Cooperation in Year 2012---Powered By SiteEngine
     
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  3. blank_quest

    blank_quest Senior Member Senior Member

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    ^^ I think it will become difficult now for other Aisan Countries to assert their claimed EEZ in South China Sea.
     

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