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China Announces Massive Oil And Gas Discovery
Chinese state-owned oil and gas corporation CNOOC has discovered a significant oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline.
According to a statement from the company, the Bozhong 26-6 oilfield lies in the south of the Bohai Sea, with an average water depth of 22 meters. The discovery well was drilled and completed at 4,480 meters and encountered 321.3 meters of oil pay zones. The report said the well was tested to produce an average of approximately 2,040 barrels of crude oil and 11.45 million cubic feet of natural gas per day.
“Bozhong 26-6 oilfield is the third oilfield discovery with [a] hundred million tons of reserves in [the] southern Bohai Sea after Kenli 6-1 and Kenli 10-2,” CNOOC’s deputy chief exploration engineer, Xu Changgui, stated.
Chinese state-owned oil and gas corporation CNOOC has discovered a significant oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline.
According to a statement from the company, the Bozhong 26-6 oilfield lies in the south of the Bohai Sea, with an average water depth of 22 meters. The discovery well was drilled and completed at 4,480 meters and encountered 321.3 meters of oil pay zones. The report said the well was tested to produce an average of approximately 2,040 barrels of crude oil and 11.45 million cubic feet of natural gas per day.
“Bozhong 26-6 oilfield is the third oilfield discovery with [a] hundred million tons of reserves in [the] southern Bohai Sea after Kenli 6-1 and Kenli 10-2,” CNOOC’s deputy chief exploration engineer, Xu Changgui, stated.
