OREANDA-NEWS. July 17, 2012. Jiangsu Branch of Sinopec held a drilling ceremony for "Fenghuang No.1 Oil Well" in Qiaocheng District of Bozhou City July 16.

The designed depth of "Fenghuang No.1 Oil Well" is 3847.49 meters and the oil reserve is expected to hit 22,180,000 tons.