Phillips completes Bohai Bay appraisal programFirst production from field off China expected in late 2001; company expects to recover 500 million barrels from field’s central crest area, 200 to 300 million barrels from flank areas Petroleum News Alaska
Phillips China Inc., a unit of Phillips Petroleum Co., said March 30 that it has completed the appraisal drilling program on the Peng Lai 19-3 discovery in Block 11/05 of China’s Bohai Bay. The company said it is proceeding with plans to develop this significant discovery and expects first productio....
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Multi-phase development planned
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