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CNOOC Ltd. has entered into petroleum exploration and production concession contracts (EPCCs) with the Ministry of Mineral Resources and Energy of Mozambique (MIREME) and Empresa Nacional de Hidrocarbonetos (ENH) for five offshore blocks in the country.
CNOOC said in a media release that the contracts covered blocks S6-A, S6-B, A6-D, A6-E and A6-G. The blocks cover a total area of approximately 11,200 square miles (29,000 square kilometers). Water depths range from 1,650 feet (500 meters) to 8,200 feet (2,500 meters).
According to the terms of the contracts, the first stage of the exploration period of the blocks spans four years. The five CNOOC units active in Mozambique act as the operators in the exploration and development phases and independently own the operating interests in the five blocks (70 percent in S6-A, 77.5 percent in S6-B, 77.5 percent in A6-D, 80 percent in A6-E and 79.5 percent in A6-G). ENH owns the remaining non-operating interests, CNOOC said.
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In another development CNOOC recently started production in the Bozhong 19-6 gas field in the central Bohai Sea. The main production facilities include a wellhead platform, with ten development wells planned to be commissioned, the company said in a separate news release.
The project, in which CNOOC holds a 100 percent interest, is expected to achieve peak production of approximately 5,800 barrels of oil equivalent per day in 2026.
To contact the author, email andreson.n.paul@gmail.com
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