China’s CNOOC Limited (NYSE: CEO, SEHK: 883) said its Weizhou 11-1-2 well in Beibu Gulf in the South China Sea has been appraised to hold commercial oil deposits. The well, located about 400 metres east of the original discovery well, Wan 1, was drilled to a total depth of 3.19 km in 39.5 meters of…

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