CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

Tuesday, September 10, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin, which was tested to produce 430,000 cubic meters per day.

The achievement marks the first major exploration breakthrough in ultra-deepwater carbonate rocks offshore China, according to CNOOC.

The well is located in Baiyun Sag, the largest hydrocarbon-rich sag in the Pearl River Mouth Basin, about 300 kilometers southeast of Shenzhen with a water depth of nearly 1,640 meters.

The well was drilled to a vertical depth of nearly 3,000 meters, completed at a depth of nearly 4,400 meters, and encountered gas pay zone of approximately 650 meters in the horizontal section.

CNOC said the well revealed promising exploration prospects in the ultra-deepwater Globigerinid limestone in China, and effectively promotes the natural gas exploration process in Baiyun Sag.

"Previously, exploration in China's ultra-deepwater areas mainly focused on clastic rocks. The success of this well has, for the first time, revealed the enormous potential of carbonate rocks in China's ultra-deep waters, marking significant breakthroughs in both exploration understanding and operational techniques.

“In addition, this discovery is close to the existing production facilities of Liwan3-1 gas field, which could be utilized to develop the new discovery, thereby, enabling economic and efficient development of natural gas resources in the deep waters of the Pearl River Mouth Basin,” said Xu Changgui, Chief Geologist of CNOOC.

Categories: Industry News Activity Asia Oil and Gas

Related Stories

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

CNOOC Starts Production at Another Oil Field in South China Sea

CNOOC Kicks Off Production from Bohai Bay Field

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

CNOOC Starts Production from Deepwater Gas Project in South China Sea

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

CNOOC Maintains Steady Oil Production as Bebinca Typhoon Crosses East China Sea

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

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