CNOOC Ltd. JZ 21-1, located in the Bohai Bay, is about 10 kilometers away from the JZ 20-2 condensate gas field. Currently, it is capable of yielding gas of 3.53 million cubic feet per day. BZ 34-1, also based in Bohai Bay, has successfully started production in seven wells ahead of schedule. Equipped with facilities like one central platform and one wellhead platform, it is capable of producing oil of more than 4,800 barrels a day now. On November 22, 2007, CNOOC announced that it had discovered ten new offshore oil & gas deposits by then in China, including nine on its own. From January through June 2007, the company obained six new discoveries in its proprietary oil and gas fields…