CNOOC Ltd., a listed branch of China National Offshore Oil Corp., said on June 29 it had made a significant discovery in the eastern part of the South China Sea.
The field, named Huizhou 26-6, was tested to produce about 2,020 bbl of oil and 15.36 MMcf of gas each day. The discovery well HZ26-6-1 was drilled and completed at a depth of 4,276 m and encountered oil and gas pay zones with a total thickness of about 422.2 m, CNOOC said in a news release.
The company expects Huizhou 26-6 to become the first mid- to large-sized condensate oil and gas field in the shallow water area of the Pearl River Mouth Basin.
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