Phillips appraising giant Bohai Bay field

03/20/2000
Phillips Petroleum Co. is appraising giant Penglai 19-3 field in Bohai Bay to determine its commercial potential.Phillips has drilled eight wells in the field, discovered in July 1999, but had booked no reserves there as of yearend 1999. Last November it said results of the fifth well would add to the company's October 1999 reserves estimate of 400 million bbl (OGJ, Nov. 15, 1999, p. 34).Phillips let a contract to Petroleum Geo-Services for what PGS termed the industry's largest seafloor multicomponent seismic contract, starting this spring and extending for several months. Aims is to better image PL 19-3 reservoirs.The company plans to drill four wildcats on unexplored features t...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected