CNOOC Makes Wildcat Discovery

CNOOC Limited

CNOOC Limited reported Monday that its wildcat Luda (LD) 6-2-1, drilled independently in Bohai Bay offshore northeastern China, hit a new discovery: LD 6-2.

LD 6-2-1 is located in the Liaodong Bay, with a water depth of about 30 meters. The well was drilled to a total depth of 2,395 meters.

The well was tested to flow about 620 barrels of oil and 240,000 cubic feet of gas per day via a 7.14-mm choke during the drill stem test.

"We're optimistic about our exploration in Bohai Bay in 2006,” said Zhu Weilin, CNOOC’s vice president and general manager of exploration. “Several new discoveries have been made up to now, including LD 6-2, BZ29-4 and BZ28-2S. These new discoveries will further enlarge our reserve base in Bohai Bay."