www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Syrian interior minister commits suicide    ONE ASTRONAUT TAKES BREAK AT ORDER FROM GROUND    ASTRONAUTS IN SPACE SAY HAVING 1ST MEAL, VEHICLE WORKINGWELL    Premier Wen congradulates successful launch of Shenzhou-6    ASTRONAUTS IN SPACECRAFT SAY FLIGHT PROCEEDS AS PLANNED,
ASTRONAUTS IN SPACECRAFT SAY FLIGHT PROCEEDS AS PLANNED, WAVING HANDS
    SHENZHOU-6 ENTERS PRESET ORBIT    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
CNOOC makes new oil discovery in China's Bohai Sea
www.chinaview.cn 2005-10-12 20:34:26

    BEIJING, Oct. 12 (Xinhuanet) -- China National Offshore Oil CompanyLtd. of China National Offshore Oil Corporation (CNOOC), China's largest offshore oil producer, announced Wednesday that it has made a new oil discovery in China's Bohai Sea area.

    Rich oil reserves were confirmed in the LD27-1 oil field when the wildcat LD27-1-1 was discovered with oil layers 34 meters thick.

    The drilling of LD27-1-1, undertaken wholly by CNOOC Ltd, started this July. Drilling tests in three oil layers produced a daily output of 179 barrels of crude oil.

    The LD27-1-1 drilling tests prove that the LD27-1 oil field has a very significant oil discovery potential, said Zhang Guohua, Senior Vice President of CNOOC Ltd.

    The company will drill new evaluation wells to make further assessments of the reserves and the commercial value of the oil field, he said.

    CNOOC Ltd., which holds 100 percent rights and interests in the oil field, will be the sole operator. Enditem

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.