China National Offshore Oil Corp.'s (CNOOC) headquarters in Beijing, China. (Source: Shutterstock)
CNOOC’s Bozhong 19-6 Condensate Gas Field D1 well, the first ultra-deep well in China’s Bohai Bay, achieved high yield, CNOOC announced in a July 11 press release.
The Bozhong well, located in central Bohai Bay, was drilled to a depth of 6,088 m and is currently producing approximately 6,300 boe/d.
The Bozhong 19-6 Condensate Gas Field, situated in an average water depth of about 20 m, contains proven oil and gas in place of more than 200 Bcm of natural gas and more than 200 MMcm of oil.
CNOOC brought online the Bozhong 19-6 Condensate Gas Field Pilot Area Development project in 2020, the Phase I Development project in 2023 and the 13-2 Block 5 Well Site Development project in 2024. The gas field is currently producing approximately 37,500 boe/d, CNOOC said.
Recommended Reading
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Are Shale Producers Getting Credit for Reining in Spending Frenzy?
2024-12-10 - An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.
Alliance Resource Partners Adds More Mineral Interests in 4Q
2025-02-05 - Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.