Sunday, November 1, 2009

China's CNOOC in new discovery in Bohai Bay-Xinhua

China's offshore oil and gas specialist CNOOC Ltd has made a new oil find in Bohai Bay offshore north China, official Xinhua News Agency reported on Sunday.

Qinghuangdao 35-4-3, at a depth of about 26 metres, was pumping some 1,700 barrels of crude oil and more than 100,000 cubic metres of natural gas a day, the report said.

CNOOC sank the well some 2,215 metres deep and hit an oil-bearing layer 21.4 metres thick, Xinhua said.

The company said in its third-quarter earnings report last week that it had drilled a successful appraisal well in Qinghuangdao 35-4-2, without giving details.

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