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.