China discovers large oil field off Shenzhen

An offshore oil field in Dongying city, Shandong province, eastern China, in this photo taken in June 2024. Photo: XINHUA

According to AFP and Xinhua News Agency, on March 31, China National Offshore Oil Corporation (CNOOC) announced that they had just discovered a large oil field in the eastern part of the East Sea, with reserves exceeding 100 million tons.

This "Huizhou 19-6" oil field is about 170km from Shenzhen city, Guangdong province.

The oil field is located in an average water depth of 100m. Test drilling has produced 413 barrels of crude oil and 68,000m³ of natural gas per day, demonstrating the potential of the newly discovered oil field.

According to CNOOC, offshore oil and gas exploration in deep to ultra-deep layers faces many challenges, including high temperature, high pressure and complex conditions.

CNOOC said the newly discovered Huizhou 19-6 oil field marks a breakthrough in China's offshore oil and gas exploration.

Geologist Peng Guangrong at CNOOC noted that 60% of the world's newly discovered oil and gas reserves come from deep layers.

With abundant resources and low exploration levels, deep to ultra-deep layers are expected to drive future growth in oil and gas reserves and production.

"The US Energy Information Administration (EIA) said that the South China Sea is generally underexplored due to territorial disputes, but most oil and gas discoveries are in undisputed areas," AFP wrote.

CNOOC CEO Zhou Xinhuai said China's oil and gas exploration activities in the eastern part of the South China Sea have made consecutive breakthroughs, with two consecutive years of discovering oil fields with reserves exceeding 100 million tons.

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Source: https://tuoitre.vn/trung-quoc-phat-hien-mo-dau-lon-ngoai-khoi-tham-quyen-20250331082223995.htm