CNOOC Discovers New Oil and Gas field in Bohai Sea

China National Offshore Oil Corp. Ltd. (CNOOC), the country's largest offshore oil producer, announced that it discovered a new oil and gas field, dubbed Bozhong 28-2 East, in Bohai Sea. Bozhong 28-2 East is located between Bozhong 28-1 oil and gas field and Bozhong 28-2 South oil field near the Yellow River mouth. A 35-meter gas layer and a 35-meter oil layer have been discovered underneath the sea water measuring 20 meters in depth. According to test by drill pipes, the field is estimated to produce 1,600 barrels of oil and ten million cubic feet of gas per day at an average level. Source: Xinhua