Inform

CNOOC's 2017 offshore licensing round offers fiscal flexibility

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

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.

What's included

This report contains

  • Document

    CNOOC's 2017 offshore licensing round offers fiscal flexibility

    PDF 978.63 KB

Table of contents

Tables and charts

This report includes 1 images and tables including:

Tables

  • Comparison of fiscal flexibility between the 2016 and 2017 licensing rounds

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898