The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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CNOOC Limited announced that the Company made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea.
The Lufeng14-4 structure is located in Lufeng Sag in the Pearl River Mouth Basin of the South China Sea with an average water depth of 145 meters. The discovery well Lufeng14-4-1 was drilled and completed at a depth of 4,098 meters and encountered oil pay zones with a total thickness of approximately 150 meters. The oil production of the well tested around 1,320 barrels per day.
The successful exploration of Lufeng14-4 demonstrated the Company's remarkable breakthrough in the exploration area of the Paleogene System，and further proved the huge exploration potential of the Paleogene System in the Pearl River Mouth Basin.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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