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according to the relevant provisions of the regulations of the people's republic of china on the exploitation of offshore petroleum resources in cooperation with foreign enterprises, china national offshore oil corporation (cnooc) hereby issues the following announcement of notification for bidding blocks offshore china of 2024-2025:

nine (9) offshore china exploration blocks covering an area of 18,763 km² are available for bidding in 2024-2025, among which one (1) block is located in donghai basin with the acreage of 4,730 km², six (6) blocks are located in pearl river mouth basin with the acreage of 12,460 km², and two (2) blocks are located in qiongdongnan basin with the acreage of 1573 km².

in 2024-2025, cnooc will innovate cooperation modes with foreign enterprises and expand the scope of partners while continuing to uphold the vision of win-win cooperation. in the meantime, for deep water areas and deep formation, cnooc will adopt flexible and preferential business arrangements in terms of exploration period, relinquishment, signature fee, participating interest and x factor in the hope of achieving the goals of expanding cooperation with foreign enterprises and enhancing foreign investments in china offshore oil and gas exploration and development.

opening period for data room: from today to june 30, 2025.

closing date for bid: december 31, 2025

contact: mr. li junting,

petroleum contract division, exploration & development department, cnooc

no.25, chaoyangmenbei dajie, dongcheng district, beijing, 100010, p.r. china

tel: (86-10) 84527823     

fax: (86-10) 64011987

e-mail: lijt1@cnooc.com.cn