Chinese Oil Major Discovers New Field ...Middle East

OILPRICE - Economy
Chinese Oil Major Discovers New Field
source : OILPRICE ( Middle East ) () 44
China’s state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen. Test drilling produced 413 barrels of crude oil and 68,000 cu m of natural gas daily, state news agency Xinhua reported. Deepwater and ultra-deepwater oil and gas deposits are garnering growing attention from oil and gas explorers as they run out of more easily…

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