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Another big oil find in Bohai Bay

Another big oil find in Bohai Bay

Dalian: CNOOC Ltd, a subsidiary of the China National Offshore Oil Corp, announced that it has discovered a new oilfield in the central and northern part of the Bohai Sea, sources reported.
The new find, to be called Qinhuangdao 35-4 or QHD35-4, is at a depth of about 26 meters and is estimated to produce around 1,700 barrels of crude oil and 100,000 cubic feet of natural gas per day.
The field is about 38 kilometers west of QHD32-6, another oilfield of CNOOC.
CNOOC hopes the new oilfield will significantly add to its oil and gas reserves, a spokesman said. [04/11/09]

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