CNOOC Reports Major Oil and Gas Breakthrough in Bohai Bay

Monday, July 15, 2024
© lesniewski / Adobe Stock

China's state-owned oil and gas firm CNOOC said on Monday it achieved an exploration breakthrough in Bohai Bay, with a discovery well tested to produce about 210 cubic meters of crude oil and nearly 1 million cubic meters of natural gas.

The discovery well LK7-1-1 was drilled and completed at a depth of about 4,400 meters and it encountered a total of 76 meters of oil and gas pay zones, CNOOC said.

CNOOC has invested heavily in the development of China's offshore oil and gas reserves, as part of a broader push to offset declining output from aging onshore fields.

"The successful well demonstrates the broad exploration prospect in Mesozoic volcanic rocks in Bohai Bay," Xu Changgui, Deputy Chief Exploration Officer of CNOOC said.

"It also testifies the progress in the company's understanding and technological capabilities in tapping resources in medium-to-deep plays," he added.


(Reuters - Reporting by Himanshi Akhand in Bengaluru; Editing by Vijay Kishore)

Categories: Offshore Drilling Oil and Gas

Related Stories

Hanwha Ocean’s FPSO Cybersecurity Concept Gets ABS’ Nod

Hanwha Ocean’s FPSO Cybersecurity Concept Gets ABS’ Nod

Salunda Installs Latch Hawk Monitoring System on Semi-Sub Rig

Salunda Installs Latch Hawk Monitoring System on Semi-Sub Rig

Transocean Encourage Rig Up for Norwegian Sea Drilling Job

Transocean Encourage Rig Up for Norwegian Sea Drilling Job

Current News

Hindustan Oil Exploration Company Pauses Output At West India Oilfield

DOF Group ASA Awarded Two Long-Term Contracts With Petrobras

Petrobas Awards Fugro Four Multi-Year Contracts

Shell Boosts Production from Norway’s Ormen Lange Offshore Field

Subscribe for OE Digital E‑News

Offshore Engineer Magazine