CNOOC Limited Announces Natural Gas Discovery in Bohai

on
March 24:

(Hong Kong, March 24, 2014) - CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company has recently made a mid-sized natural gas discovery Bozhong 22-1 in Bohai.
Bozhong 22-1 structure is located in the south central Bohai with an average water depth of about 25 meters. The discovery well Bozhong 22-1-2 is drilled and completed at a depth of 4,611 meters and encountered gas reservoir with a total thickness of about 92 meters.
The gas production of the well was tested around 14.2 million cubic feet per day. The discovery of Bozhong 22-1 demonstrates the good prospects of buried hills for future gas exploration of south slope in Bozhong Sag.

Source: http://www.upstreamonline.com/epaper/article1356066.ece?

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