China announces discovery of seventh oil field in the Bohai Sea
The China National Offshore Oil Corporation (CNOOC) announced the discovery of a new oil field in the Bohai Sea, a discovery of great importance to the energy security of the Asian country
The discovery of a new oil field in the Bohai Sea, China, by the end of 2025, is the seventh since 2019 and further strengthens the country’s oil wealth, according to the China National Offshore Oil Corporation (CNOOC).
The new Qinhuangdao 29-6 field, the largest discovery since 2019, has estimated reserves of 100 million tons of oil and “has been developed using modern hydrocarbon migration and accumulation methods on the shallow Neogene slope.”
Daily production per well is estimated at around 370 tons of crude oil, demonstrating the field’s great potential for China.
This Chinese discovery adds to other energy sector finds achieved by other countries, such as Egypt and Kazakhstan.
M.Pino
Source: tvbrics
(Reference image: Abdalla Emiir on Unsplash)
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