Agency. China’s National Offshore Oil Corporation has discovered a large oil field with more than 100 million tons of oil reserves in the eastern part of the South China Sea. The Huizhou 19-6 oil field is located about 170 kilometers from Shenzhen in China’s Guangdong province, the corporation said.
The test drilling produced 413 barrels of crude oil and 68,000 cubic meters of natural gas per day, CNOOC said. Zhou Xinhuai, chief executive officer of the state-owned oil company, praised the successive successes in oil and gas exploration in the eastern South China Sea.
‘CNOOC has discovered 10 million tons of oil fields in two consecutive years, creating new hope for the continued growth of offshore oil and gas production,’ he added. The US Energy Information Administration says the South China Sea is largely underexplored due to territorial disputes, but most of the oil and gas discovered is in undisputed areas.
China claims almost all of the South China Sea, but the Philippines, Malaysia, Vietnam, Indonesia and Brunei dispute it. Xu Changgui, chief geologist at CNOOC, called the discovery a “great success.”
“The discovery has proven the largest ‘clastic hole’ in the northern South China Sea in terms of geological reserves to be an oil field,” he said. China is the world’s largest crude oil importer, importing 11 million barrels of crude oil per day last year, according to a US government analysis.
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