CNOOC makes midsized oil discovery in eastern South China Sea

CNOOC Ltd. has made a midsized oil discovery in the Liuhua 20-2 structure in the Northern Slope Belt of the Baiyun Sag, which lies in the Pearl River Mouth basin of the South China Sea.

Discovery well LH20-2-1 was drilled and completed at a depth of 2,970 m in 390 m of water, encountering oil pay zones with a total thickness of 35.2 m. The well tested at 8,000 b/d with a crude density of 0.75.

CNOOC says exploration of Liuhua 20-2 has further proved the “huge exploration potential” of Baiyun Sag, which is expected to become the new reserves growth area for deepwater crude exploration in the South China Sea.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...