31JAN2019 - NEWS - CNOOC of China makes major new oil discovery in North Sea Off Scotland

China state oil company CNOOC has recently announced that the company has made a major new oil discovery at the Glengorm prospect in the U.K. sector of the North Sea. The Glengorm discovery is located in License P2215 in the Central North off Aberdeen, Scotland in a water depth of approximately 86 meters. CNOOC said exploration well was drilled to a total depth of 5,056 meters and encountered net gas and condensate pay zones with a total thickness of 37.6 meters. CNOOC Petroleum Europe, a wholly-owned subsidiary of CNOOC Limited, is operator of the license holding 50% interest. The remaining interest is held by Total and Euroil, a subsidiary of Edison E&P, each having 25%.

Published by Editor - www.Livebunkers.com at 31-Jan-2019 06:44:40 [UTC] , contact editor at editor@livebunkers.com