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cheapbag214s · Posted: Fri 5:11, 15 Nov 2013 Post subject: China finds more oil

China finds more oil,[url=http://www.ksacinc.com/cheapbeats/?]cheap beats[/url], natural gas offshore
BEIJING, July 31 () -- The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers,[url=http://www.ksacinc.com/cheapgucci/?]gucci outlet online[/url], China National Offshore Oil Corp. said.CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast.The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer."The successful discovery of Bozhong 8-4 and Kenli 10-4 has extended our effective exploration activities in Bohai and further proven the rich oil and natural gas resources in this area," CNOOC exploration chief Zhu Weilin said in a statement Tuesday.Bohai Bay is estimated to hold as much as 146 billion barrels of oil.ConocoPhillips in 2011 observed "several small seeps" from a production platform in Bohai Bay associated with a release. Conoco said it had about 13,000 cubic feet of oil-based drilling mud cleaned up, which it said represented about 90 percent of the total volume released.