Healthcare, Financials Jun 23, 2022 09:29 PM (GMT+8) · EqualOcean
Potential Hengxin announced that the company's overseas wholly-owned company, smart oil, obtained the exploration and development interests of Bohai 09/17 block by participating in the investment attraction of offshore open blocks organized by CNOOC. So far, well qk17-1-3d has successfully completed all drilling, logging, well logging and formation testing. Well qk17-1-3d is located in qk17-1 oil and gas structural belt in the west of Bohai 09/17 contract area. Several sets of oil and gas bearing formations have been found in Shahejie formation, and the oil and gas discovery has been confirmed by oil testing. Qk17-1-3d well was successfully drilled. All expenses related to the pre drilling preparation, drilling and supporting service contracts of the well will be capitalized temporarily, which will have no impact on the company's operating performance in 2022.