Penglai 7-6-7 (PL 7-6-7) was suspended on or around 31 August 2017, having successfully encountered oil in the target reservoirs. The appraisal well was spudded on or around 13 August 2017 using the "Bohai 7" jack-up and was likely targeting the Guantao, Dongying and Shahejie formations to appraise the Penglai 7-6 oil discovery made in March 2015 by CNOOC. Penglai 7-6-7 is in the CNOOC operated Qinhuangdao 36 Block in the offshore Bohai Gulf Basin and is approximately 1.6km NE of the Penglai 7-6-2 appraisal well. <P />
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