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    LD 27-2 discovery confirmed in Bohai Bay

    Projects and Operations // May 24, 2002
    CNOOC Limited has announced that the company and partners, ChevronTexaco and Petronas Carigali (the exploration and production arm of Petronas, Malaysia's state-owned petroleum corporation) have confirmed an oil discovery in the Liaodong Bay 02/31 Blockin Bohai Bay,China.

    Appraisal well, LD 27-2-3, which was drilled in 21m of water to a total depth of 2,700m, encountered multiple oil zones in the Minghuazhen, Guantao, and Dongying Formations. Four light-oil zones were tested and yielded 33-36 API oil at a combined rate of4,600 barrels per day.

    Under the production sharing contract, CNOOC Ltd has the right to take up to a 51 per cent participating interest in the development of the oil discovery.

    Located about 104km southeast of Qinghuangdao City, LD 27-2 structure had its first wildcat well LD 27-2-1 drilled in 2000 and encountered over 100ms of oil show without tests. Since the end of 2001, two wells LD 27-2-2 and LD 27-2-3 have been drilled.

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