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CNOOC Drilled QHD 29-2 Discovery in Bohai Bay

Source: www.gulfoilandgas.com 3/26/2009, Location: Asia

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CNOOC Limited announced that the Company has successfully drilled another new oil and gas discovery Qinhuangdao (QHD) 29-2.

QHD 29-2 is located in southeast of Qinnan Sag. The discovery well QHD 29-2-1 is located on QHD 29-2 structure, with a total depth of 3,991 meters. It encountered oil pay zones with total thickness of 34.7 meters and gas pay zones of 47.9 meters. The water depth averages approximately 27 meters.

The Company has carried out drill stem test for four layers, and the well flowed at an average rate of 3,930 barrels of oil and 15.2 million cubic feet of natural gas per day. This discovery stands as the Company’s new footprint of exploration in Qinnan Sag.

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