CNOOC (CEO) Discovers New Oil Pay at Luda(LD)21-2 in Bohai

May 24, 2012 6:15 AM EDT
CNOOC Limited (NYSE: CEO) announced that the Company has successfully made a new discovery Luda(LD)21-2 in Bohai.

LD 21-2 is located in the inverted structure belt of LD 22-27 in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 20 meters. The discovery well of LD 21-2-1D is drilled and completed at a depth of 2,831 meters and encountered oil pay zones with total thickness of about 170 meters, representing the thickest oil layers found in the exploration of Bohai clastic rocks in recent years. Currently, oil production of the well is tested at around 608 barrels per day.


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