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CNOOC Achieves Major Exploration Breakthrough in Deep Plays of South CN Sea
2025-07-16 09:15:23 CNOOC (00883.HK) announced a major breakthrough in the exploration of metamorphic buried hills in the deep plays in the South China Sea for the first time. The Weizhou 10-5 South Oil and Gas Field is located in the Beibu Gulf of the South China Sea, with an average water depth of 37 meters. Exploration well WZ10-5S-2d encountered an oil and gas pay zone of 211 meters, with a total drilled depth of approx. 3,362 meters. The test results indicate that the well produces 165,000 cubic feet of natural gas and 400 barrels of crude oil per day, marking a major exploration breakthrough in the metamorphic sandstone and slate buried hills offshore China. ~ AASTOCKS Financial News Website: www.aastocks.com | |