IN BRIEF (Page 10)

Deepest oil well

CNOOC, China's biggest offshore oil producer, has spudded a $26-million exploration well in Kenya that will be the deepest yet in a country that has searched in vain for commercial oil and gas deposits for decades. The well in Block 9 of the Anza Basin is the 32nd drilled in the east African nation. Kenyan Energy Minister Kiraitu Murungi said Boghal-1 would eventually reach a depth of 5,556 meters.

Blackstone offering