Exoma May Join CNOOC for Further Explorations

Exoma Energy has said that its partner China National Offshore Oil Corp is interested in collaboration on future drilling operations.

Exoma is an oil and gas explorer with shale prospects in Australia’s Queensland state.

The company has bid for four blocks next to its holdings in central Queensland, Bloomberg reported quoting Chief Executive Officer Rob Crook. The Queensland government may announce the awards by April.

Exoma, which is exploring for conventional oil, shale and coal-seam gas, completed an accord last year to sell CNOOC’s parent 50 percent of its permits for $54 million.