ConocoPhillips
announces two additional discoveries in China's Bohai Bay
Posted: 16 June 2003
Phillips China Inc, a unit of ConocoPhillips has made two additional
exploration discoveries in its Bozhong 11/05 block in Bohai Bay,
China.
ConocoPhillips drilled the PL 19-9-1 exploration well — located
two miles east of the PL 19-3 field — in January 2003, and
the well encountered 31 meters (102 feet) of net hydrocarbon pay
in Lower Minghuazhen and Guantao Sandstone reservoirs.
This discovery and the adjacent structures will be part of PL 19-3
Phase II development.
Drilling on the PL 13-1-1 exploration well, located 18 miles north
of the PL 19-3 field, was completed in March 2003.
The well encountered approximately 40 meters (132 feet) of net
hydrocarbon pay in Lower Minghuazhen and Guantao Sandstone reservoirs.
The company plans to drill additional wells to appraise the discovery
and the structures in the same trend.
ConocoPhillips continues to have success with its Bohai Bay exploration
program. These two wells bring the number of discoveries in Bozhong
11/05 to seven.
Phase I of the PL 19-3 development began production in December
2002, and the field is currently producing approximately 30,000
BOPD (gross). Phase I facilities include a 24-slot wellhead platform
and a floating production, storage and offloading facility.
Phase II development plans are under way and will incorporate knowledge
gained from the Phase I drilling and production results.
ConocoPhillips and CNOOC signed a petroleum contract in December
1994 granting ConocoPhillips the right to explore Block 11/05, a
2.3 million-acre area located in Bohai Bay. ConocoPhillips is the
operator of the block, with a 100 percent working interest in all
fields discovered to date with the exception of PL 19-3 development,
in which the company has a 49 percent interest.
CNOOC elected to participate in the PL 19-3 Phase I development
with a 51 percent working interest, and has the right to acquire
up to a 51 percent working interest in any development in the Bozhong
11/05 block.
ConocoPhillips is an integrated petroleum company with interests
around the world. Headquartered in Houston, the company had approximately
56,600 employees and $80 billion of assets as of March 31, 2003.
For more information see www.conocophillips.com.
Posted by Richard Price,
Editor Pipeline Magazine
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