BOHAI BAY DISCOVERY
|Friday, March 31, 2000
An appraisal drilling program has been completed by Phillips Petroleum on the PL 19-3 discovery in Block 11/05 of China's Bohai Bay. Plans to develop this discovery are in the works with first production expected in 4th quarter 2001. It is estimated that approximately 500 million barrels of crude can be recovered from this field.