CNOOC announces Liaodong Bay discovery

Offshore staff

(Singapore) -- China's CNOOC Ltd has an oil and gas discovery in 30 m water in the Liaodong Bay.

The discovery was made from independent wildcat Luda (LD) 6-2-1, which was drilled to a total depth of 2,395 m, said CNOOC.

The well flowed about 620 b/d oil and 240,000 cf/d gas via 7.14 mm choke during the drill stem test.

"We're optimistic about our exploration in Bohai Bay in 2006. Several new discoveries have been made up to now, including LD 6-2, BZ29-4 and BZ28-2S," said CNOOC vice president and general manager for exploration, Zhu Weilin. "These new discoveries will further enlarge our reserve base in Bohai Bay."

7/10/06