CNOOC's Penglai well pays

CNOOC has discovered further oil in Bohai Bay.

Offshore staff

HONG KONG -- CNOOC has discovered further oil in Bohai Bay.

The new discovery – Penglai (PL) 9-1 – is in the Miaoxibei Uplift in the eastern part of Bohai Bay. Well PL9-1-2 penetrated oil pay zones with total thickness of 77 m (252 ft) and a fractured zone of buried hill with total thickness of 158 m (518 ft). The well was drilled to TD of 1,505 m (4,937 ft), in a water depth of around 29 m (95 ft).

CNOOC also performed a drillstem test for three layers. During the test the well flowed at an average rate of 540 b/d of oil.

Zhu Weilin, executive vice president and general manager of Exploration, said: “This discovery opens up a new prospect for exploration in Bohai Bay. We believe that with further appraisals in the future PL9-1 is expected to become a significant discovery in this area.” 

04/19/2010

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