China’s CNOOC Ltd. said on May 16 that it made a large-sized discovery in Bohai Bay.
Located in the Laizhou Bay in southern Bohai Basin, the Kenli 6-1 oil field is expected to produce about 1,178 barrels of oil per day, the company said in a statement.
The company said the discovery well was drilled and completed at a depth of 1,596 m and encountered oil pay zones with a total thickness of about 20 m.
The find has proved the huge exploration potential in the Laizhou Bay, CNOOC said.
Nichols Brothers retained Continental Energy Advisors for the sale of operated assets in New Mexico, Oklahoma and Texas as part of a Chapter 11 bankruptcy.
Beacon E&P retained Meagher Energy Advisors for the sale of certain nonoperated assets in Oklahoma's Stack and Merge shale plays generating a cash flow of about $1.2 million per month.
Ventana Partners retained RedOaks Energy Advisors for the sale of nonoperated properties located primarily in the Delaware Basin.