Zheng Quan Shi Bao Wang·2025-08-26 08:40Core Insights - China National Offshore Oil Corporation (CNOOC) announced the signing of production sharing contracts for two exploration blocks in Indonesia, Gaea and Gaea II, with SKK Migas and other partners [1] Group 1: Contract Details - The contracts involve exploration blocks located in the southern part of West Papua, Indonesia, covering a total area of approximately 12,000 square kilometers [1] - The first phase of the exploration period is set for three years [1] Group 2: Stakeholder Information - The Gaea and Gaea II blocks were awarded in April 2025, with the East Java project partners holding a 40% non-operator interest [1] - CNOOC's wholly-owned subsidiary holds a 5.56% interest in the blocks, while EnQuest serves as the operator with a 40% interest, and Agra holds a 20% non-operator interest [1]