CNOOC announce a 100 million t oilfield discovery of Qinhuangdao 27-3 in Bohai Sea

Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 m. The main oil-bearing play is the Minghuazhen Formation of Neogene, and the oil property is medium-heavy crude. The discovery well QHD27-3-3 was drilled and completed at a depth of 1570 m, which encountered a total of 48.9 moil pay zones. The field has been tested to produce approximately 742 boe/d from a single well. Through continued exploration, the proved in-place volume of Qinhuangdao 27-3 Oilfield has reached 104 million t of oil equivalent.

Xu Changgui, Deputy Chief Exploration Officer of the company, said, "Qinhuangdao 27-3 Oilfield is another major discovery with proved-in place volume over 100 million t that we made in the north-central Bohai Sea in a decade. The successful discovery of the oilfield further demonstrates the oil and gas exploration potential in the complicated strike-slip fault zones of the Bohai Sea."

Zhou Xinhuai, CEO and President of the company, said, "Over the years, we have been continuing to make new discoveries in the Bohai Sea, which further expand the resource base for offshore oil production growth. CNOOC Limited will focus on increasing reserves and production, to enhance our energy supply capacity, thereby contributing to the sustainable development of the economy and society."

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/19032024/cnooc-announces-a-hundred-million-ton-oilfield-discovery-of-qinhuangdao-27-3-in-bohai-sea/