CNOOC makes midsized oil discovery in eastern South China Sea

CNOOC Ltd. has made a midsized oil discovery in the Liuhua 20-2 structure in the Northern Slope Belt of the Baiyun Sag, which lies in the Pearl River Mouth basin of the South China Sea.

Discovery well LH20-2-1 was drilled and completed at a depth of 2,970 m in 390 m of water, encountering oil pay zones with a total thickness of 35.2 m. The well tested at 8,000 b/d with a crude density of 0.75.

CNOOC says exploration of Liuhua 20-2 has further proved the “huge exploration potential” of Baiyun Sag, which is expected to become the new reserves growth area for deepwater crude exploration in the South China Sea.