CNOOC Makes Gas Discovery in South China Sea

CNOOC on Wednesday announced that it recently made a new mid-sized gas discovery Lingshui 17-2, which indicated the first breakthrough on the independent deepwater exploration in Qiongdongnan Basin of South China Sea.

Lingshui 17-2 is located in the east Lingshui Sag in a deepwater area of the Qiongdongnan Basin, with the average water depth of about 1,450 meters. The discovery well Lingshui 17-2-1 was drilled and completed at a depth of 3,510 meters and encountered the gas reservoir with a total thickness of about 55 meters.

The discovery has not only proven the exploration potential of structural and lithologic trap in the central Canyon channel of the Lingshui Sag, but also further confirmed the good exploration prospects in the deepwater area of the Qiongdongnan Basin, CNOOC said.

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