CNOOC Makes South China Sea Gas Discovery

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By MarEx 2015-01-07 00:26:24

CNOOC has successfully made a new mid-to-large sized natural gas discovery Lingshui 25-1 during an independent deepwater exploration.

The Lingshui 25-1 structure is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the northern part of the South China Sea, with an average water depth of about 980m. The discovery well Lingshui 25-1-1 was drilled and completed at a depth of about 4,000m and encountered the oil and gas pay zone with a total thickness of about 73m. The well is expected to produce about 35.6 million cubic feet of natural gas and 395 barrels of oil per day.

Lingshui 25-1 is another mid-to-large sized natural gas discovery following Lingshui 17-2 that the company made. The new discovery has not only opened up a new exploration chapter in deepwater area of northern South China Sea, but also further proven the good exploration prospects in deepwater area of Qiongdongnan Basin.

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