Project Profile
Location: Liaodong Bay of Bohai basin, China
Production: 1,040 barrels of oil per day (bopd)
Water Depth: 31 metres
CNOOC Limited made a mid-sized new exploration discovery Luda 5-2 North in China\'s Bohai Bay. Luda 5-2 North is located in the Liaodong Bay of Bohai, with average water depth of 31 metres. The discovery wells of Luda 5-2N-2 and LD 5-2N-4 were both drilled and completed at a depth of around 3,740 feet (1,140 metres) and encountered the oil pay zones with total thickness of about 394 feet (120 metres and 279 feet (85 metres)), respectively. The oil production of Luda 5-2N-2 well was tested at around 1,040 barrels of oil per day (bopd). The new discovery of Luda 5-2 North demonstrates the company’s successful experience in the thermal recovery technology of heavy oil, and creates a new methodology to commercialize heavy oil reserves.
Operators:
CNOOC Limited: Operator with 100% interest