National Offshore Oil Co. Ltd. announced that its wildcat well, drilled independently in the Bohai Bay, discovered oil and natural gas.

The wildcat, Ken Li 10-1-1, was drilled to a total depth of 3,148 meters, with a water depth of about 17 meters. Test flows were about 980 barrels of oil and 100,000 cubic feet of natural gas per day, CNOOC Ltd. said.

Source: Trading Markets

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