CNOOC confirms oil finding in Bohai Bay

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Last updated at: (Beijing Time) Wednesday, March 31, 2004

CNOOC confirms oil finding in Bohai Bay

China National Offshore Oil Corp. (CNOOC) Limited announced here Tuesday that it has drilled successfully two appraisal wells, BZ 34-1-5 and BZ 34-1-4, in Bohai Bay.

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China National Offshore Oil Corp. (CNOOC) Limited announced here Tuesday that it has drilled successfully two appraisal wells, BZ 34-1-5 and BZ 34-1-4, in Bohai Bay.

Zhang Guohua, Senior Vice President of the company commented, "It's a good start for this year's Bohai Bay exploration program."

BZ 34-1-5, with a water depth of 21 meters, is an appraisal well drilled on BZ 34-1 discovery. On 7.14 mm choke, the appraisalwell was tested to flow nearly 400 barrels of 31-33 API degree oilper day during drill stem test one. The well also produced about 5.37 million cubic feet of gas per day on a 9.53 mm choke during drill stem test two.

Another successful well BZ 34-1-4 on the same discovery encountered gas pay zones of 16 meters and oil zones of 38 meters.

Source: Xinhua

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