Offshore staff
SUBIACO, Australia – CNOOC has granted Empyrean Energy a 12-month extension to the first phase of exploration on block 29/11.
The first well must now be drilled by June 12, 2021, although Empyrean will look to start operations sooner, if possible.
It applied for the extension due to restrictions arising from the spread of COVID-19.
The 1,806-sq km (697-sq mi) block is in the Pearl River Mouth basin, 200 km (124 mi) southeast of Hong Kong. Empyrean operates with a 100% interest during the exploration phase, while CNOOC can back into 51% in the event of a commercial discovery.
06/11/2020
