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.
The oil and gas rig count rose five to 402 in the week to Feb. 26, its highest since May, energy services firm Baker Hughes Co. said.
A Wolfcamp Shale discovery by Chevron, results from a PDC Energy Wattenberg Field venture in Colorado’s Weld County plus Antero Resources Marcellus completions in West Virginia top this week’s oil and gas drilling activity highlights from around the world.
Alongside a recently announced tax break, Lopez Obrador said Pemex would get support of around 100 billion pesos ($4.80 billion).