CNOOC reports successful appraisal of Bohai wells

8/14/2012

CNOOC reports successful appraisal of Bohai wells

HONG KONG -- CNOOC has announced the successful appraisal of two wells in Qinghuangdao 29-2 east, located in the central north of Bohai, at an average water depth of about 27 m.

These two successful appraisal wells expanded the reserve base of Qinghuangdao 29-2. Qinghuangdao 29-2E-4 drilled in the middle formation of the Qinghuangdao 29-2 east structure represented a significant breakthrough by encountering 218.4 m thick of oil pay zones, including a 133.7-m thick single oil pay zone. This well was tested to produce approximately 6,600 bopd and 4.5 MMcfd, creating the highest capacity of clastic rocks in Bohai.

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