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CNOOC MADE NEW OIL FINDINGS IN SOUTH CHINA SEA.
(From Asia Pulse)
(Full text of a statement. Contact details below.)
HONG KONG, June 2 /Xinhua-PRNewswire-AsiaNet/ --
CNOOC Limited (CEO) announced today that a wildcat drilled on HZ ("Huizhou") 26-3 in the Pearl River Mouth Basin of South China Sea was successful.
HZ 26-3-1 is located in the Huizhou trough in the eastern South China Sea, about 170 kilometers southeast of Hong Kong. It was drilled to a total depth of 3,780 meters in 110 meters water depth. Drill stem tests on a 7.94 mm choke flowed over 1,400 barrels of 41-43 degree of light gravity crude and nearly 2 million cubic feet gas per day.
Mr. Zhang Guohua, senior vice …
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