China's CNPC ends drilling off Xisha Islands

0 Comment(s)Print E-mail Xinhua, July 16, 2014
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China National Petroleum Corp. (CNPC), one of China's leading oil companies, announced on Tuesday the completion of drilling and exploration off the Xisha Islands in the South China Sea.

Signs of oil and gas were found in the operation, known as the Zhongjiannan Project, and the company will assess the data collected and decide on the next step, a CNPC statement read.

CNPC started drilling two wells in May this year and completed the work on May 27 and Tuesday respectively. The company has been exploring the area since 2004.

The drilling rig provided by China Oilfield Services Ltd. will be relocated to operations in the Hainan Islands. Endi

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