BIZCHINA> Top Biz News
CNOOC drills new oil, gas discovery in Bohai Bay
(Xinhua)
Updated: 2009-07-28 15:11

The China National Offshore Oil Company Ltd (CNOOC Ltd) said Tuesday it has successfully drilled a new oil and gas field in East China's Bohai Bay.

The oilfield, JinZhou (JZ) 20-2N, is in the northeast of Liaodong Bay in the Bohai Sea, about four kilometers north of the JZ 20-2 gas field, the company said.

The exploratory drilling penetrated oil pay zones with total thickness of 33.4 meters to a depth of 3,720 meters, the company said. Water depth was about 16 meters.

Related readings:
CNOOC drills new oil, gas discovery in Bohai Bay CNOOC gets govt permission to sell oil products
CNOOC drills new oil, gas discovery in Bohai Bay CNOOC, Sinopec to buy Angola oil stake
CNOOC drills new oil, gas discovery in Bohai Bay CNOOC price target raised by 15 percent
CNOOC drills new oil, gas discovery in Bohai Bay CNOOC to tap BG for gas needs
The well test showed a flow at an average rate of 1,900 barrels of oil and 3.45 million cubic feet of natural gas a day, it said.

CNOOC Ltd has made a series of discoveries this year, including  Bozhong 2-1, Qinhuangdao 29-2 and JZ 20-2N, which will contribute to the company's mid-to-long term reserve growth, said Zhu Weilin, Executive Vice President of CNOOC Ltd and general manager of the Exploration Department.

CNOOC Ltd said it was appraising JZ 20-2N to determine its reserve scale and commercial potential.

Incorporated in Hong Kong, CNOOC Ltd is a listed subsidiary of China National Offshore Oil Corporation, China's largest offshore oil producer.


(For more biz stories, please visit Industries)