China's CNOOC discovers 100 million-ton oilfield in South China Sea, Xinhua says

Reuters

Sun, Mar 30, 2025, 6:04 PM 1 min read

BEIJING (Reuters) - The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield successful the South China Sea with proven reserves exceeding 100 cardinal tonnes, Xinhua quality bureau reported connected Monday.

The recently recovered Huizhou 19-6 oilfield is not successful a disputed portion of the South China Sea and lies wrong China's Exclusive Economic Zone, which runs for 200 nautical miles oregon 370 km from its coast.

The oilfield, astir 170 km (106 miles) disconnected the seashore of Shenzhen, sits astatine an mean h2o extent of 100 metres, the study said, adding that trial drilling has yielded a regular accumulation of 413 barrels of crude lipid and 68,000 cubic metres of earthy gas.

Huizhou 19-6 is China's archetypal large-scale integrated clastic oilfield successful the heavy to ultra-deep layers, the study said.

Such reserves are challenging for lipid and state exploration, fixed the precocious temperatures and pressures exerted astatine these depths.

China wants to trim its import dependency to bolster its vigor security, but its crude lipid imports are expected to highest arsenic aboriginal arsenic adjacent twelvemonth arsenic transport substance request begins to diminution for the world's apical lipid buyer.

(Reporting by Joe Cash; Editing by Kim Coghill and Sumana Nandy)