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CNOOC Completed Well in New Exploration Area

CNOOC announced today that its wildcat Jinzhou

CNOOC Limited announced today that its wildcat Jinzhou 31-6-1 drilled in Bohai Bay has successfully completed, indicating the Company has made a breakthrough in the exploration in lithologic traps as planned and implemented this year.

The wildcat was drilled on Structure JZ 31-6 in the East Block of Liaodong Bay.

The well, which was drilled to a total depth of 2,305 meters, encounters gas pay zones of 16.5 meters.

The well was tested to flow about 11.7 million cubic feet of gas per day via 11.91 mm choke during the drill stem test.