CNOOC Reveals Major Oil, Gas Reserves in South China Sea

The proven oil and gas geological reserves of the Huizhou 26-6 field of China National Offshore Oil Corporation (CNOOC) were recently certified by the Ministry of Natural Resources to be 50 million tons of oil equivalent, which is expected to improve clean energy supply capacity in South China.

Located in the Pearl River mouth basin in the South China Sea, the field has an average water depth of 113 meters and is expected to be the first large-scale oil and gas field in the basin.

According to Gao Yangdong, chief geologist at CNOOC in Shenzhen, more than 500 cubic meters of oil and 600,000 cubic meters of natural gas are estimated to be produced at the field per day.

The natural gas will be transmitted to residents in the Guangdong-Hong Kong-Macao Greater Bay Area and help with construction of a green region.

The oil and gas fields in eastern areas of the South China Sea have become major oil and gas production bases in the country and have produced more than 10 million cubic meters of oil and gas annually in the past 25 years.

When the Huizhou 26-6 field is operable, the annual output of the fields in the region will reach 20 million tons.

(Executive editor: Wang Ruoting)