--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

CNOOC Makes New Oil Discovery in China's Bohai Sea

China National Offshore Oil Company Ltd. of China National Offshore Oil Corporation (CNOOC), China's largest offshore oil producer, announced Wednesday that it has made a new oil discovery in China's Bohai Sea area.

 

Rich oil reserves were confirmed in the LD27-1 oil field when the wildcat LD27-1-1 was discovered with oil layers 34 meters thick.

 

The drilling of LD27-1-1, undertaken wholly by CNOOC Ltd, started this July. Drilling tests in three oil layers produced a daily output of 179 barrels of crude oil.

 

The LD27-1-1 drilling tests prove that the LD27-1 oil field has a very significant oil discovery potential, said Zhang Guohua, Senior Vice President of CNOOC Ltd.

 

The company will drill new evaluation wells to make further assessments of the reserves and the commercial value of the oil field, he said.

 

CNOOC Ltd., which holds 100 percent rights and interests in the oil field, will be the sole operator.

 

(Xinhua News Agency October 13, 2005)

 

CNOOC's Market Value Up by US$7b
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688