| New oil reserve discovered in Bohai Bay |
| Thursday,December 01,2005 Posted: 06:03 BJT(2203 GMT) www.xinhuanet.com |
The China National Offshore Oil Corporation (CNOOC), China's largest offshore oil company, announced Wednesday that it discovered 200 million cubic meters of oil in Bohai Bay this year. CNOOC made the announcement after the discovery of the Jinxian (JX) 1-1 high yield oil-bearing structure while drilling the JX1-1-2D well in Liaodong Bay, in the eastern part of Bohai Bay. The JX1-1-2D was dug last August with a depth of 3,143 meters. The well encountered about 31.5 meters of pay zones. Drill stem tests were conducted at various intervals. On 7.94 mm and 11.91 mm chokes, the well flowed about 1,000 barrels of crude oil and more than 730,000 cubic feet of gas per day. So far, CNOOC has made eight new discoveries in Bohai Bay with an estimated oil reserve of 200 million cubic meters and gas reserve of 1.5 billion cubic meters. The discoveries make it possible for the Bohai Bay to turn out 30 million cubic meters of oil by 2010, said a CNOOC senior manager. According to CNOOC, the Bohai Bay produced 14 million cubic meters of oil and gas this year, becoming the third largest oilfield of the country. Enditem |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
