CNOOC Makes Major Oil Discovery in Bohai Sea

Monday, March 18, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made major oilfield discovery in Bohai Sea, which adds over 100 million tons of oil equivalent proved in-place volume.

The field, Qinhuangdao 27-3, is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 meters.

The main oil-bearing play is the Minghuazhen Formation of Neogene, and the oil property is medium-heavy crude.

The discovery well QHD27-3-3 was drilled and completed at a depth of 1,570 meters, which encountered a total of 48.9 meters oil pay zones.

The field has been tested to produce approximately 742 barrels of crude oil per day from a single well, according to CNOOC.

Through continued exploration, the proved in-place volume of Qinhuangdao 27-3 Oilfield has reached 104 million tons of oil equivalent.

 “Qinhuangdao 27-3 Oilfield is another major discovery with proved-in place volume over 100 million tons that we made in the north-central Bohai Sea in a decade. The successful discovery of the oilfield further demonstrates the oil and gas exploration potential in the complicated strike-slip fault zones of the Bohai Sea,” said Xu Changgui, Deputy Chief Exploration Officer of CNOOC.

 “Over the years, we have been continuing to make new discoveries in the Bohai Sea, which further expand the resource base for offshore oil production growth. CNOOC Limited will focus on increasing reserves and production, to enhance our energy supply capacity, thereby contributing to the sustainable development of the economy and society,” Zhou Xinhuai, CEO and President of the Company.

Earlier in March, CNOOC made another major oilfield discovery in deepwater area of South China Sea, named Kaiping South, adding over 100 million tons of oil equivalent proved in-place volume.


Categories: Drilling Industry News Activity Asia Oil and Gas

Related Stories

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Current News

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com