Reuters reported that China offshore oil and gas specialist CNOOC Ltd has made a new oil find in Bohai Bay offshore north China.

According to the report, Qinghuangdao 35-4-3 at a depth of about 26 meters was pumping some 1,700 barrels of crude oil and more than 100,000 cubic meters of natural gas a day.

CNOOC sank the well some 2,215 meters deep and hit an oil bearing layer 21.4 meters thick.

The company said in its Q3 earnings report last week that it had drilled a successful appraisal well in Qinghuangdao 35-4-2 without giving details.

(Sourced from Reuters)