CNOOC discovers Kaiping South oilfield in South China Sea with over 100 mil mt proven volume

Chinese offshore company CNOOC has made an oilfield discovery of Kaiping South in deepwater South China Sea estimated to add over 100 million mt of oil equivalent proven in-place volume, it said March 8. The discovery well KP18-1-1d was tested to produce an average 7,680 b/d of crude oil and 520 Mcf/d of natural gas, leading the proved in-place volume… Chinese offshore company CNOOC has made an oilfield discovery of Kaiping South in deepwater South China Sea estimated to add over 100 million mt of oil equivalent proven in-place volume, it said March 8. The discovery well KP18-1-1d was tested to produce an average 7,680 b/d of crude oil and 520 Mcf/d of natural gas, leading the proved in-place volume… Read More