China's CNOOC Announces New Oil Discovery in Bohai


(MENAFN- Qatar News Agency) China National Offshore Oil Corp. (CNOOC), China's biggest offshore oil and gas producer, announced new gas and oil discoveries in the Bohai Sea. The findings come from the Lvda 5-2 North and Kenli 9-5/9-6 wells, in the Bohai Sea's Liaodong Bay and the Laixi structure, respectively, according to China's (Xinhua) News Agency The production of Lvda 5-2N-2 well was tested at over 1,000 barrels per day, and Kenli 9-6-2 well at around 200, the CNOOC said The company also revealed total assets in excess of 1 trillion yuan about (163 billion US dollars) at the end of September.


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