CNOOC makes oil find with Lufeng well in South China Sea

China National Offshore Oil Corp. Ltd. reported what it is calling a midsized oil discovery in the eastern part of the South China Sea.

The Lufeng 14-4-1 discovery well tested a 1,320 b/d of oil. It was drilled and completed at a depth of 4,098 m and encountered oil pay zones with a total thickness of 150 m.

The Lufeng 14-4 structure is in Lufeng Sag in the Pearl River Mouth basin in 145 m of water. CNOOC noted the “huge exploration potential of the Paleogene system” in the basin.