China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply ...Middle East

China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year. The project, China’s largest deepwater gas development to date, officially reached full capacity on June 26, according to CNOOC officials cited by China Daily. With total geological reserves exceeding 150 bcm, Deep-Sea No. 1 is seen as a cornerstone of China’s efforts to strengthen energy security and reduce reliance…

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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply ...Middle East

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