CNOOC announces two oil exploration discoveries

CNOOC Limited, China's largest offshore oil explorer, announced on Tuesday that the company has made two new exploration discoveries in the Bohai Sea - Bozhong 8-4 and Kenli 10-4.

"The successful discovery of Bozhong 8-4 and Kenli 10-4 has extended our effective exploration activities in Bohai and further proven the rich oil and natural gas resources in this area," said Zhu Weilin, executive vice-president of the company and general manager of its exploration department.

Bozhong 8-4 is located in the west slope of Bozhong Sag in Bohai, with an average water depth of about 28 meters.

The discovery well Bozhong 8-4-4 has been drilled and completed at a depth of 1,962 meters and encountered oil pay zones with a total thickness of about 50 meters and a gas reservoir of 11 meters.

During the test period, the oil production of the well was around 660 barrels a day.

Kenli 10-4 is located in the south slope of Laizhou Bay Sag in Bohai, with an average water depth of about 15 meters.

The discovery well Kenli 10-4-1 was drilled and completed at a depth of 2,395 meters and encountered oil pay zones with a total thickness of about 45 meters.

During the test period, the oil production of the well was around 2,800 barrels a day.