China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major oil discovery in the Bohai Sea, dubbed Qinhuangdao 29-6, adding over a 100 million tons of oil equivalent in-place.The oil property at the Qinhuangdao 29-6 oil field is medium-heavy crude, with the main oil-bearing play being Neogene Minghuazhen Formation, characterized by shallow burial depth.The discovery well was drilled and completed at a depth of 1…
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