Sinopec Strikes High-Yielding Oil at China's Beibu Bay Test Well
BEIJING, Jan 6 (Reuters) - Sinopec Corp said it struck high-yielding oil and gas in a test well offshore Beibu Bay near China's southwestern coast, marking a rare offshore oil and gas find by the state firm that is largely focused onshore.
The Wei-4 well, some 110 kms (68 miles) southwest of the coastal city of Beihai, tested a daily output of 1,264 tonnes of crude oil and 71,800 cubic metres of natural gas at a first layer, after identifying oil-bearing layers nearly a hundred metres thick.
On the second layer, Sinopec struck 1,184 tonnes of daily oil flow and 76,000 cubic metres of natural gas, the company said in a statement on Wednesday.
The well, drilled in the shallow part of the sea, is 3,783 metres deep. It took 29 days to drill.
"It's a high-flowing offshore test well rarely seen over the last decade," said Sinopec.
China's offshore oil and gas activities have long been dominated by Sinopec's smaller domestic peer CNOOC Ltd .
Before Beibu Bay, Sinopec's limited offshore works were mostly conducted in East China Sea where the firm discovered several natural gas fields.
(Reporting by Chen Aizhu; Editing by Richard Pullin)
WHAT DO YOU THINK?
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.
- Report: Quarter Of Oil Refineries Risk Closure Under Climate Goals (Nov 02)
- Sources: China's Sinopec Mulls US Oil Projects Ahead Of Trump's Visit (Oct 31)
- Sinopec's Oil Refining Overcomes Continued Upstream Losses (Oct 30)