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

Tokyo Gas Enters LNG Market in Philippines

Japan's Mitsui Eyes Alaska LNG Project

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

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

Sembcorp Signs 10-Year LNG Supply Contract with Chevron

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

Current News

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

Japan's Japex Shifts Back to Oil and Gas Investments

Tokyo Gas Enters LNG Market in Philippines

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

SLB Names Raman CSO, CMO

Eco Wave Finds Partner for Wave Energy Project in India

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

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