China announces massive oil and gas discovery ...News

The oilfield in the Bohai Sea contains 100 million tons of reserves, according to the China National Offshore Oil Corporation Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline. According to a statement from the company on Wednesday, the Bozhong 26-6 oilfield lies in the south of the Bohai Sea, with an average water depth of 22 meters. The discovery well was drilled and completed at a depth of 4,480 meters, which encountered a total of 321.3 meters

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