CNOOC Announces Successful Appraisal Well WZ11-1N-2

abarrelfullabarrelfull wrote on 27 Aug 2014 09:23

August 30, 2004

CNOOC Limited (together with its subsidiaries, the "Company", NYSE: CEO, SEHK: 883) today announced the successful completion of Weizhou (WZ) 11-1N-2, an appraisal well in the Western South China Sea.

With a total depth of 2272 meters, WZ11-1N-2 is located about 44 kilometers southwest of Weizhou Island and approximately 3 kilometers northwest of WZ 11-1. The well was drilled on WZ11-1N structure with water depth at 40 meters. WZ11-1N-2 was tested to flow over 3000 barrels of oil and 0.34 million cubic feet of gas per day on 17.46 mm choke during the drill stem test.

Mr. Zhang Guohua, the Senior Vice President of the Company commented, "Its proximity to WZ11-1 makes it a very attractive discovery."

The Company is the operator and owns 100 percent interest of WZ 11-1N discovery.

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