China/ South China Sea: CNOOC Puts Second Deep-Water Rig into Use

Nov 6, 2014 | E China News
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CNOOC Group Ltd, China's largest offshore oil and gas developer, announced on Wednesday that its semi-submersible drilling rig Nanhai Jiu Hao completed the first deep-water exploration well in the South China Sea.

Nanhai Jiu Hao became the second deep-water drilling rig after CNOOC 981, which shows that China now has the technology and equipment to carry out large-scale oil and gas exploration in deep-water areas, said the company.

The well, Lingshui 25-1-1, is located in the Qiongdongnan Basin with a depth of 3,930 meters, according to the company. More work needs to be done to verify the well's resources.