The company, China's largest offshore oil producer, will drill new evaluation wells to make further assessments of the reserves and the commercial value of the oil field, he said.
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CNOOC Discovered a New Oil Field
China National Offshore Oil Company Ltd. announced Wednesday that it has made a new oil discovery
China National Offshore Oil Company Ltd. of China National Offshore Oil Corporation (CNOOC), announced Wednesday that it has made a new oil discovery in China's Bohai Sea area.
The drilling of LD27-1-1, undertaken wholly by CNOOC Ltd, started this July. Drilling tests in three oil layers produced a daily output of 179 barrels of crude oil.
The company, China's largest offshore oil producer, will drill new evaluation wells to make further assessments of the reserves and the commercial value of the oil field, he said.
The company, China's largest offshore oil producer, will drill new evaluation wells to make further assessments of the reserves and the commercial value of the oil field, he said.
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