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The Silicon Review Asia

China's CNOOC discovers large-sized oil and gas well in Bohai Bay

China's CNOOC discovers large-sized oil and gas well in Bohai Bay

China National Offshore Oil Corporation, or CNOOC Group, is one of China's most prominent national oil companies. It is also the largest offshore crude oil and natural gas producers. In a recent announcement, the firm has stated that it has discovered a large-sized oil and gas well at Bozhong, located in Bohai Bay. The Bozhong 13-2 asset was drilled at a depth of 17,135 feet, where the oil pay zones with a total thickness of 1,135 feet were noted.

The well was tested, and it is reported that the well approximately can produce an average of 1,980 barrels of crude oil and 5.25 million cubic feet of natural gas per day. CNOOC has stated that the Bozhong 13-2 structure's exploration is a remarkable achievement for the company. This will further enhance the oil and gas exploration and production in offshore China.

The firm has made a significant breakthrough in exploring oil and gas well in Bohai, which will promote the value of oil and gas and will demonstrate promising exploration prospects in and around Bohai. This is the first exploration done by China this year. The company's last oil and gas exploration was done in March 2020.

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