CNOOC announces gas discovery at Lingshui 25-1 in South China Sea

Jan 06, 2015 12:00 AM

CNOOC Ltd has announced that the Company has successfully made a new mid-to-large sized deep-water natural gas discovery Lingshui 25-1.

The Lingshui 25-1 structure is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South China Sea, with an average water depth of about 980 meters.

The discovery well Lingshui 25-1-1 was drilled and completed at a depth of about 4,000 meters and encountered the oil and gas pay zone with a total thickness of about 73 meters. The well was tested to produce about 35.6 million cubic feet of natural gas and 395 barrels of oil per day.

Lingshui 25-1 is another mid-to-large sized natural gas discovery following Lingshui 17-2 that the Company made on independent deepwater exploration.

The new discovery has not only opened up a new exploration chapter in deepwater area of northern South China Sea, but also further proven the good exploration prospects in the deep-water area of the Qiongdongnan Basin.

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