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CNOOC Announces New Oil Discovery In Bohai Bay, China

Published: 13-Aug-2009

By: Staff Writer Staff Writer Staff Writer

CNOOC Ltd. (CNOOC) has made a new discovery Qinhuangdao(QHD)35-4 in Bohai Bay. QHD35-4 is located in the south of Shijiutuo uplift in the north central of Bohai Bay, and about 38 kilometers western of QHD32-6 oilfield. The company has drilled wells on this structure before. The discovery well QHD35-4-3 penetrated oil pay zones with total thickness of 21.4 meters and proved QHD35-4 a middle-size oilfield. The well drilled to a total depth of 2,215 meters, with water depth of about 26 meters.

During the drill stem test, the well was tested to flow at an average rate of 1,700 barrels of oil and 400 thousand cubic feet of natural gas per day via 11.11mm choke.

Zhu Weilin, executive vice president of CNOOC and general manager of exploration department commented, “New discovery QHD 35-4 is one of discoveries the Company has made around Shijiutuo Uplift. This area is expected to become new growth point of our reserves.”

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