Fossil Energy – China
Chinese oil company CNOOC confirmed it has discovered the Bozhong 26-6 oilfield in the Bohai Sea, off China, saying the discovery ‘brings another hundred million tons of reserves’.
Bozhong 26-6 oilfield is located in the south of the Bohai Sea, with an average water depth of 22 meters.
The well was tested to produce an average of approximately 2,040 barrels of crude oil and 11.45 million cubic feet of natural gas per day.
Zhou Xinhuai, CEO of the Company, said, “Bohai Sea has been one of the targeted areas of exploration for the Company. We will keep looking for mid-to-large sized oil and gas fields and continue to discover new momentum for offshore oil and gas developments, helping to fortify the resource foundation for the high-quality and sustainable development of the company.”
