BP and CNOOC Sign Agreement for Third Deepwater Block In The South China Sea

Release date: 16 July 2013

BP and CNOOC today signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300 metres, and is close to BP’s existing deepwater interests in Blocks 43/11 and 42/05.

Liming Chen, President BP China, said: “This builds on our South China Sea presence creating a strong base for future exploration success for China and for BP.”

CNOOC will be operator of 54/11; terms of the production sharing agreement were not disclosed.

BP was awarded acreage in deepwater blocks 42/05 and 43/11 in 2010 and 2011 respectively; both are in the exploration period.

Notes to Editors

  • BP has been investing in China since the early 1970s and currently operates 17 active joint ventures and wholly-owned BP business entities, hiring over 1,300 direct employees and about 3,700 people via its joint ventures. With a total investment of about US$4.9billion at the end of 2012, BP is one of the leading foreign investors in China. BP’s business activities include deepwater exploration, petrochemicals manufacturing and marketing, aviation fuel supply, oil product and lubricant retailing, and the chemicals technology licensing.

Further enquiries:

Name: BP Press Office
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Name: BP Press Office
Location: Beijing
Phone: +86 (10) 6589 3878

2013年7月16日

BP与中国海油就双方第三个南海深水合作区块签订合同

BP与中国海洋石油总公司(中国海油)今天就南海珠江口盆地深水54/11区块签订了石油合同。该区块面积为4,586平方公里,水深于370米至2,300米之间。该区块邻近43/11和42/05,两个BP已拥有权益的深水区块。

BP中国总裁陈黎明表示:”该区块加上BP目前在南海已参与的区块,为中国和BP在中国南海今后的勘探成就奠定了坚实的基础。”

中国海油将成为54/11区块的作业者。 BP未透露石油合同的具体条款。

BP分别于2010年和2011年获得了深水区块42/05和43/11的参与权。两个区块目前均处于勘探阶段。

编者垂注:

BP在华业务始于二十世纪七十年代初期。目前,BP在中国拥有独资、合资企业17家,直接雇员超过1300人,合资企业雇员约3700名。截至2012年年底,BP在累计投资约为49亿美元,为在华投资规模最大的外资公司之一。BP在华业务涵盖深水勘探、石化产品生产与营销、航空燃油供应、石油产品与润滑油零售、以及化工技术转让等。

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