CNPC discovers oil & gas shows in disputed drilling area
CNPC’s drilling and exploration operation named the Zhongjiannan project was smoothly completed on schedule on July 15th with the oil & gas shows found. In accordance with the work procedures of deep-sea petroleum exploration and development, a comprehensive assessment of hydrocarbon horizons is to be implemented based on the geological and analytical data collected through the drilling and exploration operation. Next phase arrangements are subject to the aforesaid comprehensive assessment. CNPC started the drilling of two exploratory wells of Zhongjiannan project on May 2nd this year, and finished the drilling of No.1 exploratory well on May 27th. We started drilling No.2 well on May 28th, and the drilling of this well completed today. The drilling was carried out using the ‘HAI YANG SHI YOU 981’ semisub, run by China Oilfield Services Limited (COSL).