An offshore engineering unit of oil major Sinopec Group has won a two-year contract to drill an offshore block in Nigeria, the state firm said on Thursday.
Shengli Petroleum Engineering will deploy its ‘Shengli-4’ rig to drill the block, located in shallow water off Nigeria’s Rivers State. The block has a designed daily output of 35,000 barrels of oil.
The Chinese rig, which previously drilled for oil for Shell in Nigeria, is slated to be moved to the new project in early 2018, Sinopec said.
The contract is worth $50 million, according to a Chinese local media report last week