CNOOC Hits Black Gold in Eastern Bohai Bay

CNOOC made a discovery in the Penglai 9-1 block in waters measuring 95 feet (29 meters) in the eastern Bohai Bay. Drilled to a total depth of 4,938 feet (1,505 meters), the discovery well PL9-1-2 struck oil pay zones with a total thickness of 253 feet (77 meters) and fractured a zone of buried hill with total thickness of 518 feet (158 meters). A drill stem test was performed, and the well flowed at an average rate of 540 bopd. CNOOC operates the block.

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.