BEIJING, Oct. 23 (UPI) -- China National Offshore Oil Corp. said Wednesday it made a medium-sized natural resource discovery in a well in the shallow waters of China's Bohai Bay.
CNOOC Ltd. said it "made a mid-sized new exploration discovery Luda 5-2 North and successfully appraised the mid-sized oil and gas structure Kenli 9-5/9-6."
The average water depth in the area is 100 feet.
CNOOC said it encountered oil layers in the Luda 5-2N-2 and 5-2N-4 with a total thickness of 390 feet and 278 feet, respectively. A production test on the former yielded 1,040 barrels of oil per day.
The two Kenli structures encountered oil layers with a total thickness of 390 feet and 230 feet. A production test of Kenli 9-6 yielded 200 barrels of oil per day.
CNOOC declared two oil discoveries in the Bohai Bay off the Chinese coast in July. The area is estimated to hold as much as 146 billion barrels of oil.
