CNOOC Strikes Oil at Luda Well

CNOOC Limited has successfully made a new discovery Luda (LD)21-2 in Bohai.

LD 21-2 is located in the inverted structure belt of LD 22-27 in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 66 feet (20 meters). The discovery well of LD 21-2-1D is drilled and completed at a depth of 9,288 feet (2,831 meters) and encountered oil pay zones with total thickness of about 558 feet (170 meters), representing the thickest oil layers found in the exploration of Bohai clastic rocks in recent years. Currently, oil production of the well is tested at around 608 barrels per day.

Mr. Zhu Weilin, Executive Vice President of the Company and General Manager of Exploration Department commented, "The discovery of LD21-2 not only has fairly good economics in exploration and development, but also further confirms high quality oil and gas accumulation of the inverted structure belt of LD 22-27 as well as good prospects for future exploration."

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr Reservoir Engineer - Subsurface and Technology
Expertise: Reservoir Engineering
Location: Midland, TX
 
Senior Geophysicist - Delaware Basin Subsurface Characterization
Expertise: Geophysicist
Location: Midland, TX
 
Drilling Engineer
Expertise: Drilling Engineering|Petroleum Engineering|Workover or Completion
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $56.58/BBL 1.32%
Light Crude Oil : $54.45/BBL 1.60%
Natural Gas : $2.62/MMBtu 1.15%
Updated in last 24 hours