CNOOC Strikes Pay with Luda, Lufeng Discoveries

CNOOC Limited announced Monday that the company made two new exploration discoveries in Luda 6-2 and Lufeng 15-1.

Luda 6-2 is located in the Liaodong Bay in Bohai with an average water depth of about 101 feet (31 meters). The company has successfully drilled Luda 6-2-4 and Luda 6-2-5 this year and encountered 131 feet to 484 feet (40 meters and 147.6 meters) thick of oil pay zones respectively. The average daily production was tested to be around 850 barrels.

In addition, Lufeng 15-1 is located in the Pearl River Mouth Basin with an average water depth of 928 feet (283 meters). Lufeng 15-1-2 drilled in 2012, encountered 87 feet (26.8 meter) thick of oil pay zones and was tested with a daily production of around 800 barrels.

Mr. Zhu Weilin, executive vice president of the company and general manager of Exploration Department, commented, "I am very delighted that the Company made the new discovery in the new formation of Luda 6-2 structure in offshore China. Moreover, the successful drilling of Lufeng 15-1 strongly promoted the oil and gas exploration activities in the area of this structure as well as opened up a new chapter of the independent exploration in the Pearl River Mouth Basin."


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