A total of 18 blocks are up for bid for exploration in 2016 to international oil and gas companies wanting to partner with operator China National Offshore Oil Co. (CNOOC).
Map of blocks up for bid, from CNOOC.
Covering 52,257sq km the blocks are in five different basins: Bohai Bay, South Yellow Sea, Yinggehai, Qiong Dongnan, and the Pearl River Mouth basin (East), which holds the majority of the blocks up for bid.
Preconditions for the bids include that CNOOC act as the operator, and the investment from the contractors can be guaranteed.
A data room will open until 30 June, and companies or consortia will need to submit offers by 31 October.
Of the blocks up for bid, the Pearl River Mouth East basin holds the most with nine blocks:
The Quiong Dongnan basin has four blocks up for bid:
The Bohai Bay basin has three blocks up for bid:
The South Yellow Sea basin has one block up for bid: Blcok 24/17 at 2669sq km, at 15-35m water depth, with three wells drilled.
The Yinggehai basin also only has one block up for bid: Block 50/13 at 1630sq km, 70-90m water depth, with one well drilled.