CNOOC finds oil pay zones of 25 m in Bozhong 19-6-1

Stockwatch Daily - - ENERGY - Mr. Yan Cao re­ports

CNOOC LTD. has re­cent ly made a mid-sized nat­u­ral gas field dis­cov­ery in Bozhong 19-6 in Bo­hai.

Bozhong 19-6 trap is lo­cated in the south­west sag of Bozhong, south-cen­tral Bo­hai, with an av­er­age wa­ter depth of about 22 me­tres.

The dis­cov­ery well, Bozhong 19-6-1, is drilled and com­pleted at a depth of 4,181 me­tres, and en­coun­tered oil pay zones with a to­tal thick­ness of ap­prox­i­mately 25 me­tres and a gas reser­voir with a to­tal thick­ness of about 348 me­tres. The eval­u­a­tion well was tested to pro­duce about 1,000 bar­rels of oil and 6.4 mil­lion cu­bic feet of nat­u­ral gas per day.

Xie Yuhong, ex­ec­u­tive vice-pres­i­dent of the com­pany and gen­eral man­ager of ex­plo­ration de­part­ment, com­mented: “The nat­u­ral gas field dis­cov­ery of Bozhong 19-6 demon­strates the good prospects of buried hills for fu­ture gas ex­plo­ration of Bo­hai Bay and lays a solid foun­da­tion for com­pany’s qual­ity clean en­ergy sup­ply for the Bei­jing-Tian­jin-He­bei re­gion.”

We seek Safe Har­bor.

Sung Hong Chiu, Lawrence J Lau, Hau Yin Tse, Tao Wang, Guangqi Wu, Zhen­fang Wu, Hua Yang, Guangyu Yuan, Shouwei Zhou

(CNU) Shares: 10,291,669

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