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The contract makes CNOOC Africa Holding the operator of Block 7. (Image source: Adobe Stock)

CNOOC Limited's wholly owned subsidiary, CNOOC Africa Holding Ltd, has entered into an exploration, development and production contract (EDPC) with Midland Oil Company for Block 7 in the Republic of Iraq

Block 7 is located in Province Diwaniyah, spanning across an area of 6,300 square kilometers.

Operator status

With a 100% interest, the contract makes CNOOC Africa Holding the operator of Block 7. The first stage of the exploration period shall be three years. 

CNOOC has a long-standing presence in Africa, from Uganda's Albertine Graben region to nearly US$14bn interests in Nigerian operations, among others.