CNOOC Makes Discovery in Indonesia

CNOOC has made an oil discovery in Indonesia on the Madura Block KE 40. The wildcat KE 40-1 well hit pay zones in the Kujung III Formation and flowed 2,400 barrels of oil and 1.7 million cubic feet of gas per day on a one-inch choke. The Company has a 25 % working interest in the Block operated by Kodeco Energy Company, Ltd.
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Brent Crude Oil : $55.49/BBL 2.45%
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