CNOOC makes new oil find in South China Sea

July 26, 2004
CNOOC Ltd. reported a successful wildcat drilled on its 100% owned Huizhou (HZ) 26-3 prospect in the Pearl River Mouth basin of the South China Sea. The HZ 26-3-1 well flowed on test at more than 1,400 bbl of 41-43° light gravity crude and nearly 2 MMcfd of gas.

By OGJ editors

HOUSTON, July 26 -- CNOOC Ltd. reported a successful wildcat drilled on its 100% owned Huizhou (HZ) 26-3 prospect in the Pearl River Mouth basin of the South China Sea.

The HZ 26-3-1 well, in the Huizhou trough in the eastern South China Sea about 170 km southeast of Hong Kong, was drilled to 3,780 m TD in 110 m of water. Drill stem tests through a 7.94 mm choke flowed more than 1,400 bbl of 41-43° light gravity crude and nearly 2 MMcfd of gas.

The company said the find would help maintain the area as a core production basin for further exploration.