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Eni partners CNOOC in South China Sea exploration

20th June 2014

The block covers an area of about 2,000 sqaure kilometres in the Qiongdongnan Basin in conventional waters

Eni partners CNOOC in South China Sea exploration
he Block 50/34 covers an area of about 2,000 square kilometres in the Qiongdongnan Basin in conventional waters

Eni signed a new Production Sharing Contract (PSC) with CNOOC for the exploration of one block offshore Hainan Island, in the South China Sea.

The exploration period will last 6.5 years, subdivided in 3 phases.

The Block 50/34 covers an area of about 2,000 square kilometres in the Qiongdongnan Basin in conventional waters.

This new PSC confirms the interest of Eni to continue and consolidate its presence in China, particularly in the South China Sea, where the company has cooperated with the Chinese NOCs for around 30-years, both for exploration and production.

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