China’s CNOOC Ltd., the listed branch of China National Offshore Oil Corp., said on Feb. 22 it had made a large-sized oil and gas discovery at Bozhong 13-2 in the Bohai Bay off north China.
Located in the southwestern ring of Bozhong Sag, the discovery well was tested to produce an average of about 1,980 barrels of crude oil and 5.25 million cubic feet of natural gas per day.
CNOOC, the country’s top offshore oil and gas producer, had vowed to expedite large discoveries at offshore blocks in Bohai Bay and South China Sea and to tap unconventional resources.
In his appointment, Bernie G. Wolford Jr. succeeds Marc Edwards, Diamond Offshore’s former chairman, president and CEO who retired from the company following its emergence from Chapter 11 bankruptcy last month.
Contango Oil & Gas Co. announced the appointment of two new directors to its board, including Karen Simon who is set to chair a new committee formed by Contango as part of its current ESG initiatives.
The Valaris Group has successfully completed its financial restructuring and emerged from chapter 11 on April 30.