CNOOC's Wildcat KL Pounces on Major Oil and Gas Discovery

CNOOC Limited has announced that its wildcat Ken Li (KL) 10-1-1 drilled independently in Bohai Bay was successfully completed.

KL 10-1-1, which was drilled on Structure KL 10-1 of Laizhou Bay Sag, encounters oil pay zones of 56.8 meters. The well was drilled to a total depth of 3,148 meters, with a water depth of about 17 meters.
During the drill stem test, the well was tested to flow about 980 barrels of oil and 100,000 cubic feet of gas per day.
"I am pleased to announce our exploration progress in Bohai Bay. The successful discovery of KL 10-1-1 will help continue our effective exploration activities in this area," said CNOOC Executive VP and General Manager of the Exploration Department, Zhu Weilin.