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Oil exploration and production: CNOOC signs a contract with Mozambique

24/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Les médias chinois ont annoncé vendredi qu' une filiale de the state-owned China National Offshore Oil Co (CNOOC) has signed oil exploration and production contracts with the Ministry of ; Mozambican energy and the national energy company ENH.

The contract signed between CNOOC and Mozambique covers a total area of approximately 29,000 km² (11,200 square miles) with water depths of 500 m to 2,500 m (1,640 ft to 8,202 ft) with water depths of 500 m to 2,500 m (1,640 ft to 8,202 ft). It covers five offshore blocks off the coast of the African nation. The first phase of the exploration period is four years.

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