Highlights CNOOC expects almost 500 million boe of prospective resources Well located less than five miles away from the US maritime border Mexico City — China National Offshore Oil Corporation will resume its exploration activities in the ultra-deepwater Gulf of Mexico, but striking oil could trigger unitization with the state oil company as the reservoirs identified by the CNOOC extend beyond its block. Receive daily email alerts, subscriber notes & personalize your experience. Register Now CNOOC will resume its exploration activities at one of its two blocks in the Gulf after pausing for a few months due to the coronavirus pandemic. The exploration plans were approved by Mexico’s National Hydrocarbons Commission on Sept. 22 during a webcast session. The original $339 million plans, which the company could not carry out, were approved in February, and had been scheduled to start in April. CNOOC will drill the exploration well, Ameyali, […]