Sinopec Shengli Oilfield Co., a wholly-owned subsidiary of Sinopec Corp. (SNP.NYSE; 00386.HK; 600028.SH), recently reported a high-yield well offshore Dalian city of northwest China's Liaoning province, said a local report in east China's Shandong province on Tuesday.
With a depth of 1,500 meters, the well generates near 50 cubic meters of industrial oil flows each day.
The discovery follows another high-yield oil well in the same area in 2005, said the report.
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