March 8 (LNGJ) - China National Offshore Oil Corp. (CNOOC), one of the largest Chinese LNG players, said it made a discovery at Kaiping South in deepwater of the eastern South China Sea, which adds over a 100 million tons of oil equivalent proved in-place volumes. “The well tested to produce an average of 7,680 barrels of crude oil and 0.52 million cubic feet of natural gas per day,” said CNOOC.
“The discovery fully demonstrates the broad prospects for exploration in the deepwater South China Sea and further expands the resource base for the company's high-quality development,” explained Zhou Xinhuai, CNOOC Chief Executive and President. “In recent years, CNOOC has achieved remarkable breakthroughs in oil and gas exploration in the eastern South China Sea, building a new growth pole for offshore oil and gas production,” added Zhou.
