Newfield Exploration Co., Houston, will explore a block in the South China Sea under a production-sharing contract signed with China National Offshore Oil Corp. (CNOOC). LOS ANGELES, Dec 14-- Newfield ...
Newfield Exploration Co. (NFX) plans to sign within weeks a production sharing contract with China National Offshore Oil Corp. for a new oil block in the South China Sea, an industry insider said ...
The first contract is for Block 22/15 in the Beibu Gulf basin of the western South China Sea. The PSC covers 5228 square kilometres and has water depths of between 10 and 60 metres, CNOOC said.
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