CNOOC Limited announced that it has
achieved a new discovery, Luda (LD) 27-1, in Bohai Bay
Discovery well LD 27-1-1 is an independent wildcat spudded this July. The
well was drilled in 16 meters of water to a total depth of 2772 meters. LD
27-1-1 encountered 34 meters of oil pay in 7 pay zones.
The well was tested to flow 179 barrels of oil per day from three
intervals 1170-1180, 1261-1267, 2691-2696 metres during drill stem tests.
Mr. Zhang Guohua, Senior Vice President
of the Company commented, ''We are
delighted for LD 27-1's test results which definitely indicated its promising
future. Appraisals are planed to further evaluate its reservoir and economic
CNOOC limited acts as the operator and holds 100 percent interest of the
CNOOC Limited is China's largest producer of offshore crude oil and natural
gas and one of the largest independent oil and gas exploration and production
companies in the world.