CNOOC wins Australian exploration permits
BEIJING, April 3 (UPI) -- The China National Offshore Oil Co. Ltd. said Monday it had signed deals for exploration permits on four blocks off Australia.
The agreements are with BHP Billiton Ltd., and Kerr-McGee Australia Exploration and Production Co. Ltd. through the Chinese giant's subsidiary, the CNOOC Australia E and P Co. for a 25 percent interest in each of the exploration permits, the Xinhua news agency reported.
The four blocks -- WA-301-P, WA-303-P, WA-304-P and WA-305-P -- are in the Outer Browse Basin, off Australia's northwest coast. They are about 180 miles offshore and cover a total of 21,000 sq km in waters up to 2,000 meters deep.
BHP Billiton operates the four permits.
The agreements are with BHP Billiton Ltd., and Kerr-McGee Australia Exploration and Production Co. Ltd. through the Chinese giant's subsidiary, the CNOOC Australia E and P Co. for a 25 percent interest in each of the exploration permits, the Xinhua news agency reported.
The four blocks -- WA-301-P, WA-303-P, WA-304-P and WA-305-P -- are in the Outer Browse Basin, off Australia's northwest coast. They are about 180 miles offshore and cover a total of 21,000 sq km in waters up to 2,000 meters deep.
BHP Billiton operates the four permits.
posted by Marko at 4/03/2006 03:11:00 PM
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