CNOOC Limited has recently made a new mid-sized gas discovery Lingshui17-2, which indicated the first breakthrough on the independent deepwater exploration in Qiongdongnan Basin of South China Sea.
Lingshui17-2 is located in the east Lingshui Sag in deepwater area of Qiongdongnan Basin, with the average water depth of about 1,450 meters. The discovery well Lingshui17-2-1 is drilled and completed at a depth of 3,510 meters and encountered the gas reservoir with a total thickness of about 55 meters.
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CNOOC Limited
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