Exploration & Production | Field Development | Offshore
Husky to Drill Two Wells at New Exploration Block Offshore China
Email
Print 
Bookmark
Husky Energy has signed a Production Sharing Contract (PSC) for a new exploration block offshore China.
Block 16/25 is located in the Pearl River Mouth Basin, about 150 kilometres southeast of the Hong Kong Special Administrative Region.
The Company expects to drill two exploration wells on the shallow water block during the 2018 timeframe, in conjunction with two planned exploration wells at the nearby exploration Block 15/33.
Husky is the operator of both blocks during the exploration phase, with a working interest of 100 percent. In the event of a commercial discovery, its partner CNOOC Limited may assume a participating interest of up to 51 percent during the development and production phase.
Related Categories :
Field Development
More Field Development News
-
Silverbow Resources Touts New "Dorado Play" in Webb County, TX
-
Shell to Move Forward with Jackdaw Gas Field Project in UK North Sea
-
PDC Energy's 69-Well Kenosha Project Approved by COGCC
-
Chevron Sanctions GOM Ballymore Project; 75,000 BPD
-
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
Asia - Pacific News >>>
-
ConocoPhillips Finalizes Sale of Indonesian Assets to MedcoEnergi for $1.355B -
-
ConocoPhillips Bolsters Spending by 30% for 2022; Bets Bulk on Lower 48 -
13.jpg&new_width=60&new_height=60&imgsize=false)
-
EQT Brings on Two New Execs Focused on Investments in Japan
-
CNOOC Turns on Taps at Luda 6-2 Project in the Bohai Sea
-
CNOOC Begins Production at Liuhua 29-2 Gas Field
