China Finds More Oil Offshore

August 1, 2013

The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers, China National Offshore Oil Corp. said.

CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast.

The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer.

"The successful discovery of Bozhong 8-4 and Kenli 10-4 has extended our effective exploration activities in Bohai and further proven the rich oil and natural gas resources in this area," CNOOC exploration chief Zhu Weilin said in a statement Tuesday.

Copyright: UPI, 2013.