Papua New Guinea

In Papua New Guinea, CNOOC International holds a position in three exploration Petroleum Prospect Licenses – one onshore and two offshore – through its 70% ownership of PNG Energy Limited. The two offshore licenses (PPL 374 and PPL 375) are located in the deepwater section of the Gulf of Papua, covering a combined area of approximately 25,000 square kilometres. The onshore block (PPL 378) is operated by GINI Energy Limited, a subsidiary of PNG Energy Limited, which maintains 100% working interest in the onshore block.