CNOOC Made New Discovery in Western South China Sea

abarrelfullabarrelfull wrote on 27 Aug 2014 11:52

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March 22, 2005

CNOOC Limited (together with its subsidiaries, the "Company", NYSE: CEO, SEHK: 883) announced today that it had made a new discovery with Weizhou (WZ) 6-10-1 in the Western South China Sea independently.

WZ 6-10-1 was drilled in block WZ 6-10 in Weixinan trough. It is approximately 6 kilometers west of WZ12-1 and 35 kilometers southwest of Weizhou islands. The well was drilled to a total depth of 3476 meters in about 34 meters of water depth.

The well was tested to flow nearly 1900 barrels of oil and 0.53 million cubic feet of gas per day on 11.11 mm choke during the two drill stem tests.

Mr. Zhang Guohua, Senior Vice President of the Company, commented, "We are excited by the positive results of WZ 6-10-1. Weixinan Trough is rewarding our exploration efforts."

Further appraisal wells have been planned to delineate the discovery. The Company owns 100% interest in the discovery.

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