CNOOC REPORTS LARGE OIL DISCOVERY IN THE SHALLOW WATERS OF THE BOHAI BAY

March 17, 2020

Beijing based CNOOC Limited announced that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil filed in Laibei lower uplift.
The Kenli 6-1 structure is located in Laibei lower uplift in southern Bohai basin with an average water depth of about 19.2 meters. The discovery well KL6-1-3 was drilled and completed at a depth of 1,596 meters, and encountered oil pay zones with a total thickness of approximately 20 meters. The well was tested to produce around 1,178 barrels of oil per day.
The successful exploration of Kenli 6-1 demonstrated the Company’s remarkable breakthrough in the exploration area of Laibei lower uplift, and further proved the huge exploration potential of the Neogene lithologic reservoir in the Laizhou Bay.
Bohai Bay is one of the three major bays of the Bohai Sea, the northwestern and innermost gulf of the Yellow Sea. The bay as a whole is estimated to contain 146 billion barrels,
(Source CNOOC – Image: ESA)