Oil, Gas Discovery in Bohai Bay

The China National Offshore Oil Company Limited (CNOOC Ltd.) announced on July 11 that its wildcat Luda (LD) 6-2-1 drilled independently in the Bohai Bay hit a new discovery. The LD 6-2-1 wildcat is located in the Liaodong Bay, with a water depth of about 30 meters. The well was drilled to a total depth of 2,395 m. The well was tested to yield about 620 barrels of oil and 240,000 cu. ft. of natural gas per day via 7. 14mm choke during the drill stem test. According Xinhua, in 2006, several new discoveries have been made so far in the Bohai Bay, including the LD 6-2, BZ29-4 and BZ28-2S. (Source: Xinhua)