Oil and gas discovery reported in South China Sea

China National Offshore Oil Corporation (CNOOC) has recently made a significant oil and gas discovery in the Eastern South China Sea. This discovery came after the drilling of the HZ26-6-1 well in the Huizhou 26-6 structure located in the Huizhou Sag in the Zhu1 Depression of the Pearl River Mouth Basin. The water depth in this area averages about 113 meters.

According to CNOOC, this successful exploration marks the first time the company has achieved a commercial and highly productive oil and gas flow in buried hill exploration in the Eastern South China Sea. This breakthrough in Paleogene and buried hill complex oil and gas reservoir in the Pearl River Mouth Basin highlights the vast exploration potential in this new field.

The discovery well was drilled to a total depth of 4,276 meters, encountering oil and gas pay zones with a total thickness of approximately 422.2 meters. Subsequent testing of the well resulted in around 2,020 barrels of oil and 15.36 million cubic feet of gas being produced per day.

This discovery is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of the Pearl River Mouth Basin. Additionally, in May, CNOOC began production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project in the Bohai Sea, China, where the company operates with a 51% stake.

Overall, this discovery showcases the company’s commitment to exploration and underscores the potential for further oil and gas discoveries in the region.


More from this stream


Creating Marketing Content to Generate Solar Leads

Content marketing is a powerful strategy for attracting, engaging, and converting potential customers, particularly in the solar industry. With the growing interest in sustainable energy solutions, creating valuable content that educates and informs can significantly boost your solar business. This blog post will explore various strategies and tips for creating compelling content that educates potential […]

The post Content Marketing for Solar Leads appeared first on Insights Success.

Best 5 Personal Injury Law Firms in Oregon

Suppose you and your friend are going on a bike ride and suddenly get involved in an accident. However, due to this, you may suffer from severe injury due to someone else’s rash driving. But how do you get yourself secured from any legal action, and how will you get compensation from the other party? […]

The post Top 5 Personal Injury Law Firms in Oregon appeared first on Insights Success.

‘Exploring Biofuels as an Alternative to Reduce Emissions in Australia’

While enthusiasts have been promoting their benefits for decades, the Australian government is only now considering sustainable biofuels for the transportation industry. The Australian Government is looking at alternative biofuels as a way to cut emissions from the transportation industry. This week, the government said that it was looking into ways to enhance the production […]

The post Aiming to Reduce Emissions, Australian Government Considering Alternative of Biofuels appeared first on Insights Success.

Maximize Your Startup’s Financial Health: Helpful Tips

Starting a startup is an exciting yet challenging journey, especially when it comes to financial management. Effective financial planning is crucial for survival and growth. To maximize your startup’s financial health, consider implementing solid financial forecasting to anticipate future financial states accurately. It’s important to establish a rigorous budgeting process, ensuring every dollar is tracked […]

The post Tips to Maximize Your Startup’s Financial Health appeared first on Insights Success.

Practices for a Eco-Friendly Warehouse

Sustainable warehousing practices by firms are needed, which would reduce their ecological footprints and further ensure efficiency. As a result, the adoption of the methods benefits the environment, cuts costs, and improves operations. This article examines energy conservation, waste management, eco-friendly construction, and optimization of warehouse operations, specifically efforts to develop simple yet effective methods. […]

The post Sustainable Warehouse Practices appeared first on Insights Success.

Top 5 Companies for Generative AI Development

Generative AI, a rapidly evolving branch of artificial intelligence, is transforming the landscape of technology with its ability to create content, designs, and even software code autonomously. Unlike traditional AI, which focuses on recognizing patterns and making predictions, generative AI leverages complex algorithms to produce unique outputs that mimic human creativity. There are plenty of […]

The post Leading Generative AI Development Company: Top 5 Choices appeared first on Insights Success.