CNOOC's 2017 offshore licensing round offers fiscal flexibility
Get this report
$1,250
You can pay by card or invoice
Report summary
CNOOC has offered 22 exploration blocks to foreign companies in its 2017 China offshore licensing round. More flexibility is allowed for deepwater, deep-reservoir and HP/HT blocks this year on extending production periods, zero relinquishment during the first and second exploration phases, timing of signature bonus payment, and profit sharing between CNOOC and contractors in the development phase. This reflects CNOOC's strong intention to encourage offshore exploration in China on the back of a 3.8% decline in its domestic production in 2016.
Table of contents
- CNOOC's 2017 offshore licensing round offers fiscal flexibility
Tables and charts
This report includes 1 images and tables including:
- Comparison of fiscal flexibility between the 2016 and 2017 licensing rounds
What's included
This report contains:
Other reports you may be interested in
21 July 2017
Upstream licensing round quarterly: all eyes on Latin America
Upstream licensing round quarterly: all eyes on Latin America
Acreage capture continues, seven rounds announce results and 18 rounds launched
$1,30005 May 2017
Petroleum fiscal and licensing month in brief: Brazil looks to cash in quick with pre-salt terms
Petroleum fiscal and licensing month in brief: Brazil looks to cash in quick with pre-salt terms
The fiscal and licensing month in brief will keep you up to date with fiscal system changes and licensing round developments.
$1,35005 May 2017
Asia-Pacific upstream month in brief: CNOOC offers 22 blocks, Australia to restrict gas exports
Asia-Pacific upstream month in brief: CNOOC offers 22 blocks, Australia to restrict gas exports
A monthly digest of key events in the Asia-Pacific upstream industry.
$1,350
