Cnooc Strikes Gas in South China Sea
China's state offshore producer Cnooc announced on June 29 a "significant" discovery in the eastern part of the South China Sea.
Cnooc believes this is the first discovery of a mid-to-large sized oil and gas field in the shallow waters of the Pearl River Mouth basin, it said. The find, designated Huizhou 26-6, is in the Huizhou Sag in Zhu1 depression in waters 113 metres deep.
The HZ26-6-1 discovery well was sunk to a depth of 4,276 metres and encountered gas and liquid pay zones with a total thickness of 422.2 m, Cnooc said. It test-flowed at a rate of 2,020 barrels of liquids and 15.36mn ft3/day of gas.