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China discovers HUGE offshore oil deposit in Bohai Bay



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China’s state-owned oil and gas corporation China National Offshore Oil Corporation (CNOOC) has discovered a major oil field in Bohai Bay, the company said in a statement on Thursday.

“The Kenli 6-1 structure is located in the lower Laibei uplift in the southern Bohai Basin at an average depth of about 19.2 meters. Exploration well KL6-1-3 was drilled at a depth of 1,596 meters and penetrated oil and gas zones about 20 meters thick. During the test, the well received an inflow of oil amounting to 1,178 thousand barrels per day,” the statement read.

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