China National Offshore Oil Corp. (CNOOC)
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Talks with U.S. suppliers began early this year but speeded up in recent months amid one of Asia's biggest power-generating, heating…
Hess CEO John Hess said he sees "multibillion barrels of additional exploration potential remaining on the block."
The appraisal well was tested to produce approximately 569 barrels of oil per day.
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.
The South China Sea project is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of…
Activity Highlights
China National Offshore Oil Corporation has confirmed a new oilfield discovery with exploration well #6-1 Kenli in China's Bohai Bay in the Laizhou area. According to the Beijing-based company, the discovery has potential oil reserves of…
China National Offshore Oil Corp. reported a discovery in the Bohai Bay, which is expected to be the first large-sized oil field in the Laibei lower uplift. The discovery well, #3-KL6-1, was drilled to 1,596 m and encountered oil pay zones with a…