CNOOC announces new oil discovery in Bohai
China National Offshore Oil Corp. (CNOOC), China's biggest offshore oil and gas producer, announced on Wednesday new gas and oil discoveries in the Bohai Sea.
The findings come from the Lvda 5-2 North and Kenli 9-5/9-6 wells, in the Bohai Sea's Liaodong Bay and the Laixi structure, respectively.
The production of Lvda 5-2N-2 well was tested at over 1,000 barrels per day, and Kenli 9-6-2 well at around 200, the CNOOC said.
The company also revealed total assets in excess of 1 trillion yuan (163 billion U.S. dollars) at the end of September.
