China National Offshore Oil Corporation announced a major discovery in Huizhou 26-6 in the east of the South China Sea. It is expected to become the first large and medium-sized condensate oil and gas field in the shallow water area of the Pearl River Mouth Basin.
The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with an average water depth of about 113 meters. The discovery well HZ26-6-1 was drilled and completed at a depth of 4,276 meters and encountered oil and gas pay zones with a total thickness of approximately 422.2 meters. The well was tested to produce around 2,020 barrels of oil and 15.36 million cubic feet of gas respectively per day.
This discovery further proves the huge exploration potential of this new area