HONG KONG – CNOOC Ltd. (NYSE:CEO) reports success in two wells at Qinghuangdao 29-2 East. The tract is in the north central Bohai Bay in 27 m (89 ft) water depth.
The E4 well encountered a total of 218.4 m (717 ft) of oil pay, with 133.7 m (439 ft) in a single zone. It tested at 6,600 b/d of oil and 4.5 MMcf/d of natural gas.
No further information is available at this time regarding the second well.