Mexico
CNOOC International has 100% working interest in two deepwater exploration blocks – Block 1 and Block 4 – in the Gulf of Mexico’s Cinurón Plegado Perdido, located in the offshore segment of the Burgos geological province, containing mostly oil.
In 2017, CNOOC International entered a 35-year licensing contract for the exploration and production of the block. The exploration period has been divided into three stages, for a total of ten years. Over the next few years, CNOOC International will complete the commitment of the voluntary workload in accordance with the requirements of the contract and will strive to obtain commercial discovery through drilling activities.
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