CNOOC Limited has made what it claims to be a major oil and gasoline discovery of Huizhou 26-6 within the Eastern South China Sea.
It is anticipated to grow to be the primary mid-to-large sized condensate oil and gasoline discipline within the shallow water space of Pearl River Mouth Basin, CNOOC stated in a press release on Monday.
The Huizhou 26-6 construction is positioned in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with a median water depth of about 113 meters.
The discovery properly HZ26-6-1 was drilled and accomplished at a depth of four,276 meters and encountered oil and gasoline pay zones with a complete thickness of roughly 422.2 meters.
The properly was examined to supply round 2,020 barrels of oil and 15.36 million cubic ft of gasoline respectively per day.
According to the corporate, the profitable exploration of Huizhou 26-6 oil and gasoline construction is the primary time that the corporate has achieved business and extremely productive oil and gasoline circulate in buried hill exploration in Eastern South China Sea.
This marked a major exploration breakthrough in Paleogene and buried hill advanced oil and gasoline reservoir in Pearl River Mouth Basin and additional proved the massive exploration potential on this new discipline.
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