CNOOC makes large oil find at Bohai Bay offshore China

Chinese oil&gas giant CNOOC Limited has a huge discovery on the Kenli 10-2 oilfield in Bohai Bay (China). According to CNOOC, the main oil-bearing formation of Kenli 10-2 oilfield is in the lower member of Neogene Minghuazhen Formation and the oil properties are conventional heavy oil. The discovery well Kenli 10-2-4 was drilled and completed at a depth of nearly 5,000 feet. The appraisal well was tested to produce approximately 569 barrels of oil per day. “The successful discovery of the Kenli 10-2 oil field marked the breakthrough in the discovery of lithological oilfield with reserve of 100 million tons in the shallow depression zone of the Bohai oilfields, demonstrated the broad prospects for exploration of lithological structures in the Bohai, and has great significance as a guide for exploration in similar basins,” General Manager of Exploration Department of CNOOC Xu Changgui said.